Merger Monday Makes A Return

Merger Monday may have made a return to Wall Street this week, as a number of high-profile deals were announced over the weekend or on Monday morning. In case you missed it, here’s a rundown of all the M&A action moving the market on Monday.

The biggest deal of the weekend was the $26 billion T-Mobile Us Inc (NASDAQ:TMUS) buyout of Sprint Corp (NYSE:S). The market sent T-Mobile stock down 7.5 percent and Sprint stock down 15.1 percent.
Prologis Inc (NYSE:PLD) announced an $8.4 billion buyout of DCT Industrial Trust Inc (NYSE:DCT). The news sent DCT shares soaring 10.5 percent, but Prologis dipped 3.4 percent.
Walmart Inc (NYSE:WMT) announced the sale of British supermarket Asda to Sainsbury’s in exchange for $4.1 billion and a 42 percent stake in the combined company. Walmart traded higher by 1.2 percent following the news.
Laboratory Corp. of America Holdings (NYSE:LH) announced the sale of Covance Food Solutions to Eurofins for $670 million. Laboratory Corp. traded lower by 1 percent.
Marathon Petroleum Corp (NYSE:MPC) announced a $20 billion buyout of Andreavor (NYSE:ANDV), sending Andeavor soaring 13.4 percent and Marathon down 7.4 percent.
United Therapeutics Corporation (NASDAQ:UTHR) announced a $216 million buyout of Steadymed Ltd. (NASDAQ:STDY). Investors must see this deal as a win-win, with Steadymed up 77.3 percent and United stock up 0.5 percent on the day.
Marriott Vacations Worldwide Corp (NYSE:VAC) announced a $4.7 billion buyout of ILG Inc (NASDAQ:ILG) ILG traded higher by 4.6 percent, while Marriott tanked by 10 percent.
Spark Therapeutics Inc (NASDAQ:ONCE) announced the sale of its priority review voucher for $110 million to Jazz Pharmaceuticals PLC (NASDAQ:JAZZ). Spark traded higher by 0.4 percent, while Jazz traded lower by 0.4 percent.
Hellman & Friedman announced a $3 billion buyout of Financial Engines Inc. (NASDAQ:FNGN). The deal send Financial Engines spiking 31.7 percent.