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Monday, February 7, 2011

US STOCKS-Wall Street set to rise on M&A, commodities, (NYSE: DHR), (NYSE: BEC), (NYSE: ESV), (NYSE: PDE)

U.S. stocks were set to open slightly higher on Monday, boosted by merger news and rising metals prices as investors bet on a stronger global economy. Diversified industrial company Danaher Corp (DHR.N) agreed to buy medical diagnostics company Beckman Coulter Inc (BEC.N) for about $6.8 billion. Oil drilling company EnsCo Plc (ESV.N) will buy rival Pride International Inc (PDE.N) for about $7.3 billion. The deals provided the latest signs that stock valuations are attractive.

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