People's United Financial (PBCT) announced the purchase of Financial Federal Corporation (FIF) on Monday in a $783 million stock and cash transaction.

Ciena Corp (CIEN)has consented to purchase Nortel Networks (NT) for $769 million following a three-day auction.

Kraft Foods (KFT) or other industry rivals may make a bid for Cadbury, according to reports that said Kraft could make a bid for the company worth 9.9 billion pounds.