Monday morning saw stocks higher for such companies as Kos Pharmaceuticals Inc. (KOSP), who has been recieving buyout offers, to XM Satellite Radio Holdings Inc. (XMSR) who were up 16 percent despite a third-quarter loss and down subscribership.
The rise in stocks comes one day ahead of the U.S. midterm elections and just after corporate news that pleased investors. Some other highlights of companies who played a part in cheering up investors are:
The Four Season Hotels Inc. (FS) whose stock rose 31 percent after the luxury hotel chain received an offer to be taken private for $3.7 billion from the controlling shareholder of Four Seasons and investors that include Microsoft's (MSFT) Bill Gates' Cascade Investment LLC.
Abbott Laboratories (ABT) agreed to acquire Kos Pharmaceuticals for about $3.7 billion. The news took Kos stocks up a whopping 53.5 percent.
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