Monday’s First Moves: CHRW & RXO Merger, PTC Acquisition, DKNG Upgrade

year bond yield on our big board here is at 530. In the meantime, we continue to look at some of theovers here on Wall Street. Joining me for this first moves Diane Hall a merger Monday. Let's talk about this trucking C.H. Robinson and Oxxo. Let's talk abhis. They are that is a big deal that's happening. You also got PTC deal. So we'll jump into PTC is the one that's having a major move, but we'll jump into C.H. Robinson. And s first out the gate, C.H. Robinson buying Oxxo in a cash and stock deal. It's an implied value of 5.8 billion. It would create a major combined logistics company. So this is the forefront here. This is in terms of the share reaction. You could see the typical reaction of the acquirer and the one being acquired. All right so off to the races rallying more than right now while C.H. Robinson is under some pressure. So these fr brokers are essentially they operate like to use an analogy like matchmakers here, they connect the businesses that need the goods shipped with the truckers that can move them. So the combination brings together a bigger network of customers, transportation providers here. C.H Robinson adds the global shipping capabilities here, Oxxo brings in strengthened, more speedy shipments, urgent shipments, the final stretch of delivery. We often talk about that last mile. It's a big part of that. There is an AI angle here. There is more and more nowadays an AI angle with any of these companies, whether we're talking about a traditional tech company or industrial or logistics company. In this instance, C.H. Robinson wants to apply its AI tools across Oxxo to match shipments with truck do some automation here to automate price quotes and automatechase transportation, just make things operate more efficiently. So adding our Exos shipment data can help wh that can help the tools move faster there. The offer is what shareholders would get the standard offer 1725 in cash, plus a portion of C.H. share. So again, this is a combined cash and stock dl. And once again we are seeing shares of Oxxo off to the races Nicole right. And it's just ano merger Monday. When we look at PTC we look at the softwarel there. Let's talk about that a little bit. Yeah. An is kind of a al deal hel footprint deal you guys. Schneider Electri buying PTC the industrial software m for about 22.6 billion. This marks Schneider's biggest acquisition ever. You got PTC rallying more than off the back of this. It's certainly a win that PTC needed in terms of how shares have performed so far this year, whether we're talking about year to date or year overear basis, it is an all cash offer. It means ae than 40% premium to PTC closing price from Friday's level. Now, PTC makes the software that helpspanies design products, manage manufacturing information and service those ts throughout the use case of their lives. Here, it's like a digital thread, essentially here. Why does Schneider this? Schneider wants it because the power system, extending it, cooli equipment, server racks here, it expands its reach in product design and engineering software, so it expands its reach essentiallye, Schneider says. Under this, it sees millf potential additional revenue opportunities. With this deal, millions in cost savings b this deal. Nicole. Diane,on o you're really hitting the big names here. This one's up 35%. The other were making 23% moves and 10% moves. Let's go to DraftKings. This i not a deal. This is an upgrade. Maybe a different story. Let's look ats one. It is. And it's having a positive reaction for DraftKings. And this is a any wha difficult year here. There have been a lot of worries about DraftKings, but Bank of America is turning bullish on DraftKings helping giving a tailwind to this. And keep in mind, DraftKings had been closee upgraded to a buy from a neutral. They've got a $27 price target from here. Itcomes% decline over the past year. The bank sees mor potential opportunity here. Risk reward opportunity is what it is. It's not. It's essentially a c in its outlook because it's ly not increasing its price target. It did have this price target coming into it, but now it's moved from being on the sidelines DraftKings to havingore bullish view on this. And it's prediction markets. They see it actually as an opportunity and not a threat. That's been one of the headwinds for DraftKings prediction markets. The call sheet the market of the w eating into it. And then also worries about the regulatory climate aroun it. We know that prediction markets let customers trade the contracts on events, etc. and the concern had been would those the rise of those markets pull customers away from DraftKings? Bank of Amsays it sees less risk of thatning now, and that DraftKings actually benefit from the growth of its o prediction markets business. Nicole, we've had DraftKings CEO on a couple of times. It was late about a year ago, and he was t about the transition from sportsbook to really having prediction markets. And it seemed so great. This time we had him on. He playa little closer to the vest about how great it could be or not be, so we'll wait to see. But certainly a vote of confidence here from Bank ofrica. As you noted, with a $27 target, the stock is at