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Integrys, a subsidiary of $WEC, said it has started a tender offer to buy 6.11% Junior Subordinated Notes due 2066 for up to $100MM. The offer will expire on Feb. 29, 2016. From Dec. 1, 2016, the 6.11% notes will bear interest at a floating rate of LIBOR plus 212 BP, reset quarterly, versus current rate of 6.11% per annum.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.