AOL, Time Warner surge in pre-morning trading
Summary: Investors show early enthusiasm for announced merger
Investors whetting their teeth in advance of the opening bell pushed up shares of both Time Warner and America Online in pre-market trading. Shares of Time Warner soared 30 to trade at 95 on Instinet. AOL stock gained 13 to 85-7/8. The two media giants announced plans early Monday to merge in an all stock deal with a market capitalisation of $350bn (£217bn).
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