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Futures Retreat off Record Highs; Merger Activity Kicks off With Tyson Bumping Up Bid for Hillshire

Stock futures were slightly lower into Monday's open after record highs on Friday triggered the obligatory round of light profit-taking, especially with a dearth of any economic data during today's session. Merger activity, however, should help underpin equities with Tyson Foods ( TSN ) sweetening its deal for Hillshire Brands ( HSH ) to $63 per share, Analog Devices ( ADI ) buying Hittite Microwave ( HITT ) for $78 per share, and Idenix Pharmaceutical ( IDIX ) being acquired by Merck (MRK) for $24.50 per share. Also, Apple's (AAPL) 7 for 1 stock split become effective today, making the stock a more affordable $92.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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