Saved By Merger Monday
Producing a morning show on a Monday is always a tricky bit of business, but what’s often saved the day for the “Squawk Box” staff is a plethora of merger and acquisition deals struck over the weekend.
But when the “Squawk” staff arrived for work early this morning, the well was empty. No “Merger Monday” deals, and the pain of a Monday was going to be exacerbated by a lack of news.
Except -- it wasn’t.
At precisely 6am, just as “Squawk Box” was beginning, private equity struck again: Cerberus announced a deal to buy United Rentals for $4 billion, excluding debt.
And as it turned out, the spigot was just beginning to open.