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$LH said it agreed to buy $SQNM in a cash tender offer for $2.40 per share, or an equity value of $302MM, which represents a total enterprise value of about $371MM, including debt. $LH formed an acquisition unit, Savoy Acquisition, that will begin tender offer to buy all shares of $SQNM for $2.40 per share. The closing is expected by year end.
$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.