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$NAV said Volkswagen Truck & Bus will acquire 16.2MM newly issued $NAV shares, representing 19.9% of pre-deal outstanding stock, for $15.76 per share. $NAV will receive $256MM from the deal to be used for corporate purposes. Volkswagen will hold the $NAV shares for a minimum of 3 years, and will have the right to appoint 2 directors to $NAV BoD.
$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!