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$HPE shareholders will own equity stake in the new company valued at $6.3Bil. Company will receive $2.5Bil prior to completion of the merger. The deal is expected to be tax-free to the company. $HPE expects to incur one-time after-tax separation costs of about $700MM, with the vast majority in FY17. The merger is expected to close by 2H17.
$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.