Market Overview

Just Another Merger Monday (T, OXPS, SCHW, VRGY, BRK-A)

Share:

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.

Posted-In: News M&A Best of Benzinga

 

Related Articles (DEO + LZ)

View Comments and Join the Discussion!

Chart Presentation: Pondering

VanceInfo Announces $40M Share Repurchase Plan; Acquisition of Oracle Consulting Firm