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By Jason Stipp | 09-18-2009 11:25 AM

M&A, Health-Care, and High-Flying Head-Scratchers

Our take on the week's most interesting, enlightening, and confounding data points and headlines.

Jason Stipp: I'm Jason Stipp from Morningstar, and welcome to the Friday Five. This is our look back at the week's most interesting, illuminating, and even outrageous data points and news briefs. Here with me is Morningstar's Jeremy Glaser. He's the markets editor for Thanks for joining me, Jeremy.

Jeremy Glaser: You're welcome, Jason.

Stipp: So what have you got for me this week? What are the five?

Glaser: Well, we've got some crazy merger mania. We've got some Lehman lives on--the legacy just keeps going. We have some airline aggravation, some health-care confusion, and even a little bit of retail resilience.

Stipp: OK. Well, let's start with the mergers, something that maybe we haven't seen in the news as much, but starting to heat up a little bit.

Glaser: Yeah, this week we saw Adobe buy Omniture, which was one that really left me scratching my head. I think if you have to issue a press release with a graphic trying to describe exactly what these two companies are going to do together, you're probably in for some trouble.

I don't really see how these two companies fit together, other than that Adobe makes the content and that Omniture helps you analyze it a little bit better. It doesn't seem to make a ton of sense. They're paying a pretty big premium to our fair value estimate. It doesn't seem like a great deal for Adobe shareholders.

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