US STOCKS-Wall St set to open higher on M&A; data eyed

(Reuters) - NEW YORK, July 3 - Wall Street was set to start a
shortened session higher on Tuesday, boosted by the latest
merger and acquisition news and before data on the
manufacturing and housing sectors.




Kraft Foods Inc. is in exclusive talks to buy
Danone's biscuit and cereal unit for 5.3 billion
euros in cash, the companies said. For details,
see [ID:nL03276080]. Kraft's shares rose 1.8 percent in
Europe.


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