US STOCKS-Futures point to dip at the open despite deals
* Merck to buy Idenix, Analog to buy Hittite
* Apple may see heavy action following stock split
* CBOE Volatility index at lowest level since Feb '07
* Futures down: Dow 10 pts, S&P 2.4 pts, Nasdaq 4 pts (Adds Family Dollar news)
By Ryan Vlastelica
NEW YORK, June 9 (Reuters) - U.S. stock index futures pointed to modest losses at the open on Monday, as a rash of corporate deals weren't enough reason for investors to keep buying following a rally that has taken major indexes to repeated record highs.
* The S&P 500 has risen in 10 of the past 12 sessions, ending at records six times in the past seven trading days. On Friday, the benchmark index was lifted by the May payroll report, which pointed to improving economic conditions, though it was slightly weaker than expected. While Wall Street's upward trend looks intact, traders may need new catalysts to maintain its momentum.
* Merck & Co agreed to buy Idenix Pharmaceuticals Inc in a deal valued at about $3.85 billion, while Analog Devices Inc said it would buy Hittite Microwave Corp in a deal valued at $2 billion.
* Shares of Idenix more than tripled, jumping 237 percent to $24.34 on heavy premarket volume. Merck dipped 0.8 percent to $57.40. Hittite popped 29 percent to $78.12. Continuación...