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Insurance holding company $UIHC said it has closed its acquisition of Interboro Insurance Company by acquiring all issued and outstanding common stock of Interboro for $57MM. $UIHC paid $48.5MM of cash at closing and issued an $8.5MM promissory note to Interboro LLC, which will mature in 18 months after closing of the transaction.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.