M&A deals lift Wall Street shares nearer a record high
NEW YORK (Reuters) – U. S. stocks rose on Tuesday as this year’s ongoing surge in merger activity suggested investors were still finding value in the market even as indexes closed in on all-time highs. Office Depot Inc surged 9. 4 percent to $5. 02 after a person familiar with the matter said the No. 2 U. S. office supply retailer was in advanced talks to merge with smaller rival OfficeMax Inc , which jumped more than 20 percent. News of the potential move came just days after Berkshire Hathaway and a partner agreed to acquire H. J. . . .
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