I'm still on the road this evening so just a quick update. It looks like it is going to be a big merger Tuesday.
From the Wall Street Journal:
"Tishman and Lehman are near a pact to buy Archstone-Smith, a top apartment real-estate trust, for more than $12 billion."
And there are more likely deals...
Rio Tinto may join Alcan race, Norsk Hydro also in the fray.
Coca-Cola purchase of Highland Spring said to be in pipeline.
URS buying Washington Group for $2.6B.
Avaya reportedly in talks to be sold.
CVRD declines comment on talks to buy Cleveland-Cliffs.
Stock futures are showing a modest gain this evening. Tuesday's economic data features consumer confidence figures at 10 a.m. Thursday features revise GDP, manufacturing data and jobless claims figures. Friday is the big day for reports with the monthly employment data due for release along with figures on housing, personal spending and consumer sentiment.
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