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$MRCY said it expects acquisition and associated transaction expenses to be funded with combination of committed financing for new $265MM bank term loan A and about $50MM of its cash on hand. In addition to term loan, financing also includes a new $75MM revolving credit facility which is not expected to be drawn at closing.
Visa ($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.