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$MAR said it has filed Form S-4 with the U.S. Securities and Exchange Commission on its proposed acquisition of $HOT, which is expected to be closed in mid-2016. For 2015, $MAR expects approx. $2.2Bil will be returned to shareholders through share repurchases and dividends.
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.