Q: Why does it seem that most mergers are almost always announced on what’s called “Merger Monday”? How did Monday become the day on which a lot of mergers are made public?
—Lance DeLoach, Thomaston
A: Companies often need the weekend to finalize deals and prepare the paperwork for mergers and acquisitions, the Financial Times of London states on its website.
With that extra time, mergers often are announced on Monday mornings, “typically before the stock market opens,” the Financial Times wrote.
CNBC wrote in August that a Monday morning merger announcement can provide a “full week of positive press.”
That August article also discounted articles earlier this year that other days had surpassed Monday as the popular time to announce mergers.
Thirty-three percent of deals valued at more than $1 billion in the United States were announced on Monday through mid-August, compared to 21 percent on Tuesdays and 21 percent on Wednesdays.
A greater percentage of such deals have been announced on Mondays every year dating to 1995, the article stated.
Q: What happened to DeMarco Morgan on 11 Alive? Is he on vacation or has he left the station?
—Alexis Weisman, Atlanta
A: Morgan left 11 Alive in November for a job as a correspondent for CBS News.
He was with WXIA-TV for four years and was anchoring the 5 p.m., 6 p.m. and 11 p.m. newscasts before he left.
Morgan is based in New York.
“It’s an amazing opportunity that I just couldn’t turn down!” he told the AJC in October.
Andy Johnston with Fast Copy News Service wrote this column. Do you have a question about the news? We’ll try to get the answer. Call 404-222-2002 or email q&a@ajc.com (include name, phone and city).
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