US STOCKS-Wall St set to open up after Berkshire deal

lunes 10 de agosto de 2015 09:14 GYT

* Berkshire to buy Precision Castparts

* Greek banks to get capital injunction after bailout

* Up to July, cross-bored M&A up 23 pct year-on-year

* IBM up after Buffett comments

* Futures up: Dow 129 pts, S&P 15 pts, Nasdaq 30 pts (Adds details, comment, updates prices)

By Tanya Agrawal

Aug 10 (Reuters) - Wall Street was set to open higher on Monday after Warren Buffett's Berkshire Hathaway agreed to buy Precision Castparts in a deal valued at $37.2 billion, showing the M&A boom was alive and well.

Adding to the positive sentiment, poor data out of China boosted hopes for additional stimulus from Beijing. Greek banks could get a first capital injection soon after a bailout deal is agreed, and before the ECB can conduct stress tests, a euro zone official told Reuters.

Precision Castparts shares jumped 19 percent to $230.71 after Berkshire Hathaway agreed to buy the aircraft components in the biggest deal for Buffett's Hathaway. Berkshire Class B shares fell 1.4 percent to $141.42 while its Class A shares were marginally down at $215,462.76.   Continuación...