Stocks are making their way off the earlier lull and moving higher.
Though shy of the session's best levels, stocks continue to sport solid
gains.
Various sources are indicating Belgian brewer InBev may initiate
takeover talks with Anheuser-Busch (BUD 56.60, -0.01) today. Shares of
BUD opened the session higher on the news, but are currently trading
along the unchanged line.
In other buyout news, Blackstone Group (BX 18.91, +0.37) and Apollo
Management LP are in talks to acquire chemical company Chemura (CEM
8.44, +0.64), while South Korea's LG Electronics is taking a closer
look at General Electric's (GE 30.53, +0.10) appliance unit, according
to The Wall Street Journal. Hitachi (HIT 72.32, +2.78) has no interest
in pursuing GE's unit, according to Reuters.