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$PFE said its subsidiary will begin a cash tender offer to buy all of the outstanding shares of $MDVN common stock for $81.50 per share. The merger agreement contemplates that $PFE will buy any shares of $MDVN that are not tendered into the offer through a second-step merger, which will be completed promptly following closing of tender offer.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.