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$DST estimates that the proposed sale of NACC will result in after-tax proceeds of approx. $310MM. It intends to use its net after tax proceeds in accordance with its capital plan including investments in the business, share repurchases, strategic acquisitions and debt repayments. BofA Merrill Lynch is acting as financial advisor to $DST.
$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.