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Cable network operator $AMCX said it intends to make a public offering of $750MM in aggregate principal amount of senior notes due 2024. The company intends to use the proceeds from the offering to fund a tender offer for its outstanding 7.75% senior notes due 2021 and to pay fees and expenses related to the offering.
$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.