Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action news and analysis.

Good afternoon. Today is Monday, July 8th, and I'm'm your host Kim Khan. Our top story so far.

There are plenty of deals to help merger Monday live up to its name.

Carlsburg finally sealed the acquisition of UK Soft Drinks Company Britvick paying 4.2 billion

dollars. Jeffrey's analyst Kevin Mundi sees upside from the creation of a single

company with a leading soft drinks and beer portfolio in Great Britain, as well as the enhancement of

Carlsburg's Western European growth and cash flow profile. In addition, the

deal is seen strengthening the PepsiCo relationship, including the

securement of certain long-term

bottling arrangements. In a bit to strengthen its immunology pipeline, Eli Lilly

will buy a pharmaceutical company, Morphic Holdings for $57 a share in cash

or about $3.2 billion.

Morphick is developing a portfolio of oral integrin therapies for the treatment of serious

chronic diseases,

fibrosis, fibrosis, and cancer.

Devin Energy will buy Grayson Mill Energy's Williston Basin business in a cash and stock

deal valued at about $5 billion, consisting of $3.25 billion in cash

and $1.75 billion in stock.

Devon said the deal significantly expands its position in the Williston Basin with the addition of

307,000 net acres and production from the acquired properties expected to be

maintained at about a hundred thousand barrels a day 2025, of which 55% is oil.

And Paramount and Sky Dance Media ended their dance and agreed to merge returns.

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