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Roughly 42% of multibillion-dollar deals leak early — and the scoops are hurting companies’ marketing strategies

Leaks bring vastly decreased media attention on announcement day as readers already digested the news, communications firm Abernathy MacGregor found.

‘Merger Monday’ is back, with more than $60 billion of deals announced today. Here are the 5 biggest.

Major deals such as mergers and aquisitions are often announced on Mondays because company boards typically vote on Sundays.
A general view of atmosphere at Intelligencer Live: Our Warmer Future presented by New York Magazine and Brookfield Place on September 05, 2019 in New York City.

Vox Media announces acquisition of New York Magazine and popular digital publications

The New York Times announced that the deal is an all-stock transaction, and neither company has revealed the total value of the deal.

Sprint falls as its merger with T-Mobile is reportedly likely to blow past a second deadline

The two companies plan to extend their merger agreement deadline as they iron out conditions for a new telecom competitor.

Piper Jaffray agrees to buy Sandler O’Neill for $485 million

Piper Jaffray will pay $350 million and $135 million in restricted consideration for Sandler O'Neill.

General Electric’s dash for cash is stealing value from shareholders, JPMorgan says

General Electric's dash for cash is stealing value from the shareholders, according to JPMorgan analyst Stephen Tusa.
L3 ENVG-B

L3 Technologies and Harris Corp agree to deal, creating $33.5 billion defense giant

L3 Technologies and Harris Corp. rallied Monday morning after the two companies agreed to merge in an all-stock deal. The new company will have a market capitalization of $33.5 billion, making it the sixth largest defense company in the US, according to the company release.
Patrick Soon-Shiong at an NHS Confederation conference.

Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc

BI PRIME: Soon-Shiong also remains Tronc's second-largest shareholder, with a nearly 25% stake. Michael Ferro, the Chicago entrepreneur who was formerly Tronc's chairman, is the largest shareholder, with a nearly 26% stake.
CVS Health President and CEO Larry J. Merlo

The DOJ is reportedly close to approving 2 healthcare megamergers

The Department of Justice is getting close to approving two healthcare megamergers, The Wall Street Journal reported Wednesday.  Express Scripts was up as much as 4% on the report, while Cigna, Aetna, and CVS all gained at least 1%.