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$EXP anticipates certain tax benefits arising from the deal, the net present value of which is expected to be approx. $50MM. The transaction is expected to close in 4Q16, or shortly thereafter, following the receipt of required regulatory approvals. 2016 revenue and EBITDA for the acquired assets is estimated to be $79MM and $33MM, respectively.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.