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Industrial auctioneer $RBA and IronPlanet, an online marketplace for used heavy equipment sales, jointly announced that $RBA will acquire 100% equity of IronPlanet for about $740MM in cash and the assumption of unvested equity interests in IronPlanet, bringing total transaction value to about $758.5MM.
$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.