Two Big M&A Deals Just Announced

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Here’s a little bit of Animal Spirits to get your week started.

Just now announced:

  • Oracle is buying RightNow — a maker of on-demand software — for $1.5 billion or $43/share, representing a 19.44% premium from Friday’s closed.
  • Also, health services company Cigna is buying out Healthspring for $3.8 billion. That represents a premium of 37% from the Friday close.

Neither are mega-blockbusters, but the deal juice is still flowing, and combined with Caterpillar’s strong earnings, will likely provide some good vibes for a while.

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