27
Jan
Your TARP money at work, on Wall Street
Filed Under (Economic) by on 27-01-2009
Pfizer's blockbuster $68 billion acquisition of Wyeth sure has the whiff of nostalgia about it. Not only was the deal announced on a Monday morning after a weekend of furtive negotiating -- when was the last time a major deal, rather than a bailout, was announced on a Monday morning? -- but also its massive size and the fact that seven banks "advised" on it also seemed to be a return to the good old days of 2006 and early 2007 when Merger Mondays were all the rage.
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