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
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%

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