Want to join the conversation?
Medical device maker $SRDX said it acquired Creagh Medical, a maker of balloon catheters, for a total value of EUR30MM (approx. $32MM), with an upfront payment of EUR18MM, and up to EUR12MM based on future performance. $SRDX expects the deal to generate $3.5-4MM of revenue in FY16.
$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.