Pros Pick: Disney-Lucasfilm vs. PVH-Warnaco
As two big mergers were announced this week — Disney acquiring Lucasfilm for $4.05 billion, and PVH set to buy Warnaco in a $2.9 billion deal — one appeared to have a lot more room to run, the CNBC "Fast Money" pros said Wednesday.
OptionMonster.com co-founder Jon Najarian said he was happy to see that corporate America, with an estimated $1.7 trillion on its balance sheets, was spending again.
Najarian said that the PVH -Warnaco deal was not surprising but that the Lucasfilm-Disney deal was somewhat unexpected, adding that he expected Disney to expand the "Star Wars" brand into amusement park rides and more movies.
"I think they reboot this francshise," he said. "I think that's a potential money-maker for years to come."
Enis Taner of RiskReversal.com agreed.
"I actually prefer the Disney deal," he said, adding that Disney had the expertise to grow the Lucasfilm properties, "turning them into franchise-transforming deals."
Got something to to say? Email email@example.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published online, email firstname.lastname@example.org.