US stock futures climb as investor focus turns to China-US trade talks from CNBC.
Pepsi Purchases SodaStream for $3.2 Billion
The markets also caught wind of new a deal involving PepsiCo purchasing SodaStream for $3.2 billion or $144 per share, which is expected to close in January. The negotiated price represents a 10.9% premium from SodaStream’s closing price of $129.85 last Friday.
“M&A is always a positive for the market. It shows corporations are not worried about the economy faltering,” said Peter Cardillo, chief market economist at Spartan Capital Securities.
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