A manic, merger Monday is in effect again.
Yesterday we saw the announcement of AT&T
T and T-Mobile merger for $39 billion in cash.
This morning we just saw the
merger of Charles SchwabSCHW going after OptionsXpress
OPXS for 1.02 shares of Schwab.
The deal values OptionsXpress at $17.91 per share, which is roughly a 20% premium to where shares closed at on Friday.
Warren Buffett
said earlier on CNBC that he has something up his sleeve, after
buying LubrizolLZ for $9 billion in cash last week.
Verigy Ltd.
VRGY shares are 10% higher this morning after
the company's board of directors determined that the Advantest proposal is superior to LTX-Credence merger.
We also saw reports that Diageo
DEO could potentially be
bidding for $2 billion for Jose Cuervo, as the spirits business continues to consolidate.
Another merger Monday indeed.
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DEODiageo PLC
$115.050.23%
Edge Rankings
Momentum
30.60
Growth
-
Quality
30.08
Value
26.62
Price Trend
Short
Medium
Long
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