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$FRT said it has priced its public offering of $250MM of 3.625% senior notes due Aug. 1, 2046. The notes were offered at 97.756% of principal amount. The offering is expected to close on July 12, 2016. Company intends to use net proceeds to pay down outstanding balance under its revolving credit facility and for corporate purposes.
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.