.NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Jan. 26:
1. -- U.S. stock futures were lower and European stocks traded mixed after Greece's anti-austerity Syriza party swept to victory in elections over the weekend.
Syriza has vowed to end Greece's painful austerity policies.
Asian shares ended Monday's session ended flat to mostly lower.
2. -- The economic calendar in the U.S. on Monday is bare.
3. -- U.S. stocks on Friday closed mixed, giving back some of the gains achieved in the previous session as markets rallied on the quantitative easing announcement from the European Central Bank.
The S&P 500 fell 0.55% and the Dow Jones Industrial Average slid 0.79%. The Nasdaq climbed 0.16%, boosted by Starbucks (SBUX) - Get Report, which climbed on quarterly revenue growth in the double digits.
MeadWestvaco shareholders will own 50.1% of the combined company, while RockTenn shareholders will own the rest.
In a statement Monday, the companies said they expect $300 million in annual cost savings to be achieved over three years.
"This transaction brings together two highly complementary organizations to create a new, more powerful company with leadership positions in the global consumer and corrugated packaging markets," said Steven Voorhees, CEO of RockTenn.
The combined company will have gross premiums of of more than $10 billion, total capitalization of more than $14 billion, and total cash and invested assets of more than $33 billion.
8. -- Aer Lingus (AELGF) said Monday that British Airways parent IAG (ICAGY) made an improved takeover offer of 2.55 euros ($2.85) share, and the board of the Irish airline said it's considering the proposal.
The offer -- the third by IAG in the past month -- values Aer Lingus at more than 1.3 billion euros ($1.45 billion). Unlike previous offers, the Aer Lingus board didn't reject the offer outright.
10. -- American Sniper, the military drama starring Bradley Cooper as Navy SEAL marksman Chris Kyle, topped the box office for a second weekend in a row with $64.4 million in first place, according to studio estimates Sunday.
To contact the writer of this article, click here:Joseph Woelfel