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Market Update Analysis: 
Centro Watt to Buy Heritage Property for $3.2 B
Author: Elena Todorova
123jump.com
Last Update: 9:04 AM EDT July 10 2006



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U.S. stock market futures moved higher ahead of the start of second-quarter earnings season, with aluminum-producing giant Alcoa scheduled to announce its results after the closing bell. General Electric, PepsiCo and Texas Instruments are also due to report quarterly earnings this week. In merger deals, Centro Watt, a U.S.-Australian joint venture, agreed to buy Heritage Property Investment Trust for $3.2 billion, or $36.15 a share.

 

 

 

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