becton dickinson down about 4.4% as some analysts see this as an ambitious deal.morgan's mike weinstein is saying on the positive side, it should accelerate becton dickinson's growth and help further diversify the company. on the negatives he said it's a rich purchase price of almost 27 times 2017 expected eps and they have to issue new equity and some said this is a further consome sol discrimination -- consolidation of the med tech. this continues the giant deals like $25 billion abbott paid for st. jude last year. medtronic and covidien before that and some speculation this will continue to fuel speculation in the space. interestingly biotech investors have been waiting for m&a action. it's really happening in the med tech space. back to you. >> thanks. you forget sometimes the size and the common occurrence of some of the deals. meg tirrell, from headquarter q. we'll look at france's stock index, it's having a big up day. >>> later, former ecb president jean-claude trichet will join rick santelli on the historic french outcome. [weather reporter]: governor has

. >>> medical supplies manufacturer becton dickinson announced it will acquire c.r. in a cash and stock deal. the acquisition is valued at $317 a share that's more than a 25% premium to bard's closing price on friday. bekts becton said it will help to improve medication management. and becton hopes to result in a cost savings of $300 million a year by 2020. now, this is just the latest deal in the medical supply space. and for becton, just two years ago, the company acquired hair fusion for $12 billion. take a look at the stocks becton and bard a little changed. bek becton down o.56, guys. >> landon, a busy space in terms of m and a, and nice premium for bard. thank you very much. >>> coming up, french stocks surging as global markets cheer the result of the french election. u.s. equities up about 1% indicated now. stay tuned. you're watching "worldwide exchange" on cnbc. she can't become a guitar legend just by playing air guitar. the baby's room won't build itself. and her paw won't heal on its own. we're all working forward to something. synchrony financial can he

it comes two years after becton dickinson acquired another company for $12 billion.e out of china today. nearly 30 steel firms that have had their production licences revoked for not meeting industry requirements. robin brant is in beijing. what we have here is evidence of fresh consolidation within china's mammoth steel industry, and also evidence of a further clamp—down by the authorities on those firms that refuse to comply with emergency measures when the pollution gets bad in the north of the country, where the steel industry is centred. let me give you a few statistics that show you how big the steel industry is in china. china is trying to move 60%, the majority of its production base, into the hands of ten much bigger companies. that was supposed to happen two years ago, but has been pushed back to 2025. historically, the industry here has been about small—scale production companies. around 300 of some 630 firms have been closed in recent yea rs, firms have been closed in recent years, so firms have been closed in recent years, so that shows you how serious c

becton dickinson is buying c.r. barred. about 25% above its friday close. we were talking about abbott and st. jude and medtronics. also a takeover battle with two paint makers. ppg raising its offer for akzo nobel. that's higher than the march 2nd proposal. akzo has rejected two offers. >>> gas prices up three cents over the past two weeks which puts the average price of unleaded regular gasoline at $2.46. it's about 28 cents higher than a year ago. >>> when we return, congressman patrick meehan on the issues that matter most to your country. a lot of things coming up and a possible government shutdown. >>> and adam grant on the book he co-authored with sheryl sandberg. >>> and dr. david dao's lawyer will speak to "squawk box" about his client's case against united. stay tuned, you are watching "squawk box" on cnbc. ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help m

mernler monday for two medical supply companies becton-dickinson to acquire bard 24 million dollars valuingof consolidation to increase product offerings gain market share cr bard up on this 19% -- in premarket action. t-mobile to report first-quarter results after bell investors watching wireless carrier growing as it tries lure examine consumers from verizon and at&t analysts estimate that earnings of 35 cents a share is what the company will report, revenue 9.6 billion dollars. the results of the french election driving markets up around the world, the nasdaq set to open at a record high. 215 point gain, on the dow futures, record nasdaq with that apple facebook microsoft all set to open at new highs. here to weigh in stuart varney. >> amazing, is just three companies that youust picked on there, the three of what we call wt kayou will the fabulous five apple facebook microsoft just apple and microsoft together have over 300 billion dollars in cash. sitting on sidelines that cash from just two of those companies, those three on the screen taken together a market value about 1.6, 1.7 tril