Author: Elena Todorova
123jump.com
Last Update: 10:33 AM EDT May 21 2007
Wall Street opened mixed Monday, as investors turned to profit-taking after the strong market performance last week. However, a flurry of merger deals generated some positive sentiment. Alltel rose 7.3% after agreeing to be acquired by TPG Capital and a Goldman Sachs unit for $27.5 billion, or $71.50 a share. Atlas Energy Resources jumped 14% as it agreed to buy 2,150 natural gas wells from DTE Energy for $1.23 billion.
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