M&A Deals Lift Stock ETFs
June 13, 2011 at 10:35 AM EDT
Stock exchange traded funds rose Monday morning after a six-week losing streak as several corporate deals helped lift equities. VF Corp. (NYSE: VFC) announced a $2 billion deal for Timberland (NYSE: TBL). VF shares vaulted about 11% while Timberland surged more than 40% on the news. The deal...