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$HBI said it has completed the acquisition of Pacific Brands, an underwear and intimate apparel company in Australia, for about $800MM on an enterprise-value basis, or slightly more than 10 times projected CY16 EBITDA. The all-cash transaction is expected to deliver an after-tax internal rate of return in the mid-teens.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!