Russell 2000 poised to climb
The Russell 2000 (NYSE: IWM) futures are rising and the small-cap index is poised to move up following news of mergers and acquisitions.
MGM Mirage (NYSE: MGM) will sell a 9.5% stake to state-owned Dubai World for $5 billion, according to news reports this morning. That comes to a price of $84 per share, 13% above the stock’s closing price of $74.32 on Tuesday.
Mergers and acquisitions have been absent during the past few weeks, as markets have been affected by a credit squeeze.
MGM Mirage (NYSE: MGM) will sell a 9.5% stake to state-owned Dubai World for $5 billion, according to news reports this morning. That comes to a price of $84 per share, 13% above the stock’s closing price of $74.32 on Tuesday.
Mergers and acquisitions have been absent during the past few weeks, as markets have been affected by a credit squeeze.
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