Market Pulse: Will a Slack Deal Let the Merger Genie Out of the Bottle?

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    Merger and acquisition activity has been down this year, but some big deals popped up in November.

    Last week brought the most prominent: a potential takeover of Slack (WORK) by Salesforce.com (CRM). Dow Jones and CNBC both reported on the talks, citing sources. WORK shot to record levels on the news.

    Today, S&P Global (SPGI) announced the $44 billion purchase of IHS Markit (INFO).

    Also earlier in the month, PNC Financial (PNC) agreed to pay $11.6 billion for the U.S. operations of Spanish bank BBVA (BBVA).

    November has seen many signs of confidence returning. The VIX, gold and the U.S. dollar have plunged. Energy surged. A return of merger activity could be yet another sign of sentiment improving.

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