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$KEY plans to close the First Niagara Financial Group acquisition on August 1. The merger of KeyBank and First Niagara Bank is planned for 4Q16. $KEY expects the deal to be accretive to earnings in 2017 and add 5% to EPS upon the full realization of cost savings. $KEY expects to increase return on tangible common equity by 200BP.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.