Stocks Fall Despite M&A News
Stocks are trading sharply lower on Tuesday, despite more deal
news. More negative economic news was released today, with
Consumer Confidence falling in August and the Case-Shiller home
price index showing home prices fell 3.2% in Q2. Traders attention
now shifts to the release of the Federal Reserve minutes from the
August 7 meeting.
Gateway
(
GTW |
Quote |
Chart |
News |
PowerRating) agreed to be acquired by Acer,
with the Taiwan based company paying approximately $710 million (full
story).
Also, U.S. Steel
(
X |
Quote |
Chart |
News |
PowerRating) agreed to acquire
Stelco for about $1.1 billion (read
more).
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