It's Merger Monday!

Supermarket operator Great Atlantic & Pacific Tea Co. (GAP) said Monday it will acquire Pathmark Stores, Inc. for $1.3 billion in cash, stock and debt.

Aeroflex (ARXX) hit a $1 billion bid from private-equity firms General Atlantic and Francisco Partners.

[UPDATE: Blackstone is paying $1.9 billion for Madame Tussaud. Ho hum.]

Ummm… that’s pretty much it. Sellers, however, are leaving their numbers. Alltel (AT), the fifth-largest U.S. cell phone operator, would like a call, while both Fremont General (FMT) and H&R Block (HRB) can do you a sub-prime originator – very clean, runs well, according to the salesman. Under the hood? Why would you want to look there, sir?