- China Overcapacity Worsening, EU Chamber Warns
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Bank of America CEO Search May Extend Into 2010
- Steepest Black Friday Discounts, Revealed
- Fed to Counsel Moviegoers on How to Use Credit Cards
- 'Cancer of Fraud' Permeates Health Care System: Critics
- Where Do Pardoned Turkeys Go?
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Chinese Overcapacity is Worsening, EU Chamber Warns
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Salvation Army's Kettles Now Credit Card-Ready
- S&P Stocks Trading at New 52-Week Highs
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Oil Friday
- Wal-Mart Price Pressure Hurts China Workers: Report
Text Size 
Mergers and acquisitions activity was brisk on Monday, giving several stocks a lift as the M&A deals spanned several industries, including energy, and added to optimism about the prospects for growth in both corporate profits and the U.S. economy.
Shares of ServiceMaster [SVM
Loading...
()
] jumped more than 12% after an investment group led by private quity firm Clayton, Dubilier & Rice agreed to buy the company -- whose businesses include pest control and lawn care -- for $4.7 billion.
Community Health [CYH
Loading...
()
] announced it will acquire Triad Hospitals [TRI
Loading...
()
] for $5.1 billion in cash.
"We think recent consolidation in the hospital group reflects challenging fundamental conditions that require greater scale, along with attractive debt financing costs," said S&P Equity Research analyst Cameron Lavey, in a research report.
Shares of oil and drilling services company Todco [THE
Loading...
()
] rose 20.9% to $39.66 after Hercules Offshore [HERO
Loading...
()
] said it agreed to buy the company for $2.3 billion.
The deal "makes tons of strategic sense," analysts at Pickering Energy Partners said in a note to investors, with a "take-the-money-and-run" price for TODCO investors.
The Blackstone Group, along with The Carlyle Group and Riverstone Holdings, are mulling a rival offer for TXU [TXU
Loading...
()
], according to news reports. That could scupper a record-breaking $32 billion bid for the Texas power company from competing buyout firms.
Finally, Britain's Barclays confirmed that it was making an offer for Dutch bank ABN Amro [ABN
Loading...
()
], boosting financial shares in the wake of the subprime mortgage market turmoil.
Print
Email
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes