If the majority of deals are cash, as many have been in 2013, it suggests the m a cycle is just getting started. Its later in the cycle when a lot of m a activity takes place where its purchased for stock. Then companies are basically saying, we think our stock is overvalued, lets use it while we can to buy the competition. Reporter there may be a lot more corporate marriages in the months ahead, but stovall says the stock market still needs to digest its recent gains. I think that we could end up seeing a relatively mild correction in prices, something on the order of 5 or maybe more. But then were going to see a lot of investors say, its time to jump back in because i missed most of this move. Reporter stovall also says any stock Market Correction needs a trigger. What that may be, however, is anyones guess. Suzanne pratt, n. B. R. , new york. Tom dell is among those Companies Involved in the deal making this year. Its founder and a group of investors wants to take dell private. In t
America. Today, investors were enthusiastic about a possible merger between office depot and office max, and theyre also keeping score as the major indexes get closer to new records. The dow is a little more than 100 points from its alltime high set back in 2007, and the s p needs only 30 points to break its milestone. The dow rose almost 54 points, the nasdaq rising 22, and the s p added 11 points. Suzanne pratt now looks at who benefits from deal mania. Reporter wall street bankers are off to a busy start this year as Corporate America is feeling the urge to merge. From the american airlinesu. S. Airways deal to warren buffets ketchup acquisition, multibilliondollar marriages are fast and furious. Theres even an Office Romance brewing between office depot and office max. All the pairing can be good for shareholders of the acquired firms, not to mention investment bankers, but what does it mean for the broader stock market . Floor broker Doreen Mogavero says its definitely a vote of c
Hope and optimism here on wall street today; investors are buying up stocks as a wave of deals sweeps through Corporate America. Today, investors were enthusiastic about a possible merger between office depot and office max, and theyre also keeping score as the major indexes get closer to new records. The dow is a little more than 100 points from its alltime high set back in 2007,ndhe t s p needs only 30 points tohe break its milestone. E thw rose almost 54 points, the nasdaq rising 22, and the s p added 11 points. Suzanne pratt now looks at who benefits from deal mania. Reporter wall street bankers are off to a busy start this year as Corporate America is feeling the urge to merge. From the american airlinesu. S. Airways deal to warren buffets ketchup acquisition, multibilliondollar marriages are fast and furious. Theres even an Office Romance brewing between office depot and office max. All the pairing can be good for shareholders of the acquired firms, not to mention investment bank
Tirade as a hate crime. And princess kate, stepping out in her first public appearance since december, revealing her baby bump. And ready to get back to being a very public royal. And good morning, america. We are in final countdown mode right now. There it is, one day. And robin is right back here at this anchor desk. Just in 24 hours. Were going to hear from her this morning about how shes feeling. Fair to say, a little bit nervous. Indeed. Great for her to be coming, though. It will be a big party tomorrow. Also, were waking up to the latest on a big what the chinese army is up to right now, apparently all happening in that building in shanghai. Are they hacking our banks . And could it affect your money . Both the white house and the Chinese Government are responding this morning. Also coming up, Michelle Obama opening up for the first time about why she really got those bangs. Why she says the move was more than just about a hairstyle. They were about a mid life crisis. All right.
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. Office depot and office max could be the next big wall street merger. What this years mergers means for the markets. Susie im susie gharib. Dells Financial Outlook in the spotlight today not only because it reported a big drop in sales and profits, but also more questions on how Founder Michael dell will take his company private. Tom and president obama makes another push to avoid Government Spending cuts as deficit watchdogs roll out a plan to duce government debt. Susie we have that and more tonight on n. B. R. Hope and optimism here on wall street today; investors are buying up stocks as a wave of deals sweeps through Corporate America. Today, investors were enthusiastic about a possible merger between office depot and office max, and theyre also keeping score as the major indexes get closer to new records. The dow is a little more than 100 points from its alltime high set back in 200 and t s needs only 3