Stocks are mildly positive midday on continued mergers and acquisitions activity. Today Level 3 agreed to acquire Global Crossing. That news sent both stocks up sharply.
And another deal in the pharmaceutical industry - American Medical Systems (AMMD) jumped over 30% after agreeing to be bought out by Endo Pharmaceuticals Holdings (NASDAQ:ENDP). AMMD,ENDP,FLO,AA
And Flower Foods (NYSE:FLO) will buy Tasty Baking (TSTY) in a $34.4 million cash deal.
Investors are anxiously awaiting the start of earnings season with Alcoa (NYSE:AA) reporting after the bell.
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