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Animal healthcare company $WOOF said it agreed to acquire an 80% ownership interest in Companion Animal Practices, North America (CAPNA) for $344MM. CAPNA, located in Las Vegas, Nevada operates a network of 56 free standing animal hospitals. The company said it expects the deal to add to its non-GAAP earnings in 2016.
$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.