In today's merger-manic market, even the hint of a deal is enough to trigger a full-blown buying frenzy.

Shares of Bankers Trust New York Corp. rocketed $14, to $133.62, a gain of 12%, after a report Thursday morning that the company might be in takeover talks with Travelers Group Inc., the insurance company and parent of Smith Barney.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.