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$SF said it agreed to sell Sterne Agee's legacy independent brokerage, clearing, and RIA businesses to $INTL. Following a financial restructuring of the combined businesses, consideration will approximate the tangible net asset value of entities. The transaction is expected to close immediately after regulatory approval, which is likely in July.
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.