2 Big Mergers to Watch Monday
The stock market appeared poised for a positive opening to the week Monday morning. Hopes that officials in Washington might reach resolution on a debt ceiling increase before the U.S. defaults on its sovereign debt helped lift stock market futures by around a quarter percent in premarket trading.
Many investors on Wall Street often refer to the concept of Merger Monday, as a high number of deals between companies get finalized over weekends. Two high-profile mergers are making news this morning, and although one was already largely expected, the other took some investors by surprise and led to big share-price moves for the target. Read on to find out more about both of these mergers.
Newmont (NYSE: NEM) got good news from Australia over the weekend. After several months of waiting, it got the go-ahead from Newcrest Mining (ASX: NCM) on Newmont's offer to purchase the Melbourne-based gold miner.
Source Fool.com
