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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

12/18/17

Merger Monday.  At least three big deals today. Oracle (ORCL) is acquiring Australian firm, Aconex Limited for approximately $1.2 billion in cash. Penn National Gaming (PENN) is acquiring Pinnacle (PNK) for $32.47/share in cash and stock. Hershey (HSY) is acquiring Amplify Snack Brands (BETR) for $12.00/share in cash. Throw in a new tax bill and the markets make another new high today.

Railroad Company, CSX (CSX) lost an Industry legend over the weekend. The CEO for CSX, Hunter Harrison passed away over the weekend. CSX's Board of Directors will be under significant pressure to find a replacement with an operating background quickly. The stock is lower by 2% after falling 7% on Friday.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.