Just Another Merger Monday (T, OXPS, SCHW, VRGY, BRK-A)
A manic, merger Monday is in effect again.
Yesterday we saw the announcement of AT&T (NYSE: T) and T-Mobile merger for $39 billion in cash.
This morning we just saw the merger of Charles Schwab (NASDAQ: SCHW) going after OptionsXpress (NASDAQ: 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 Lubrizol (NYSE: LZ) for $9 billion in cash last week.
Verigy Ltd. (NASDAQ: 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 (NYSE: DEO) could potentially be bidding for $2 billion for Jose Cuervo, as the spirits business continues to consolidate.
Another merger Monday indeed.
