Stock futures edge up, buoyed by deal activity

April 10, 2015 11:53 AM

60 0

Stock futures edge up, buoyed by deal activity

(Reuters) - U.S. stock index futures edged higher on Friday, getting a lift from news that General Electric (GE.N) will sell nearly all of its real estate portfolio to investors for $26.5 billion in the latest of a spate of recent deal activity.

The GE move is the biggest commercial real estate deal since Blackstone's acquisition of office landlord Equity Office Properties Trust in 2007 for $39 billion, including debt. GE shares jumped 6.3 percent to $27.36 before the opening bell.

Also read: ECB sets Banco Popular's 2017 capital level at 7.875 percent

Read more

To category page

Loading...