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The two companies plan to extend their merger agreement deadline as they iron out conditions for a new telecom competitor.
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 the shareholders, according to JPMorgan analyst Stephen Tusa.
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.
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.
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%.
Elon Musk's plan to take Tesla private has generated a lot of buzz, and it has been met with a lot of skepticism. But there are several reasons why he might actually be able to pull off the deal.
Wall Street dealmakers are putting in place new provisions to help protect clients from #MeToo scandals.
The German drugmaker and chemical company Bayer has finalized a $66 billion blockbuster deal to gobble up the agricultural behemoth Monsanto, but you wouldn't know it by the company's new name. On Monday, Bayer said it was dropping Monsanto's 117-year-old title.
BI PRIME: Investment bankers are set to make nearly $330 million in fees from deals announced on Monday.