GenCorp to Sell Bonds as Some Companies Borrow for Acquisitions

GenCorp Inc., a maker of aerospace components, is among companies that may sell about $8 billion of bonds in the U.S. this week as signs of a quickening economy prompt some borrowers to raise money for purchases.

National Beef Packing Co. and Select Medical Corp. led companies selling bonds last week to expand their businesses, while GenCorp and Gristede's Foods Inc. have acquisition-related offerings planned. More corporate bonds were sold to fund mergers and acquisitions in July than in any month since February, according to Moody's Investors Service.