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Elections by $JCI shareholders are subject to proration such that aggregate of about $3.9Bil cash is paid in merger. The combination will be tax-free to $TYC shareholders, and taxable to $JCI shareholders. $TYC has secured committed $4Bil bank facility to finance cash consideration. The transaction is expected to close by end of FY16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.