NEW YORK ? Stocks are rising in early trading following a new round of corporate deals.
Pfizer, the world's largest drugmaker, said Monday that it would it sell its Capsugel unit to an affiliate of private equity firm Kohlberg Kravis Roberts for $2.38 billion in cash. Capsugel makes capsules for oral medicines and dietary supplements.
Overseas, Vivendi says it has agreed to acquire Vodafone Group's 44 percent stake in French mobile operator SFR for $11.3 billion. Belgian plastics and chemicals company Solvay is also offering to buy Paris-based chemicals maker Rhodia for $4.84 billion.
The Dow Jones industrial average is up 8, or 0.1 percent, at 12,385. The Standard & Poor's 500 index is up 2, or 0.2 percent, at 1,335. The Nasdaq composite index is up 10, or 0.4 percent, at 2,348.
Powered By iWebRSS.com
