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Industrial products company $JCI announced on Jan. 25, 2016, that it entered into a merger agreement with Tyco. Under the terms, each outstanding share of $JCI's common stock will be converted into the right to receive either one ordinary share of the combined company or an amount in cash equal to $34.88. The merger will close around FY16-end.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.