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In 2015, $KSS completed a cash tender offer and redemption for $1,085MM of senior unsecured debt. The company recognized a $169MM loss on extinguishment of debt. This included a $163MM bond tender premium paid to holders of the debt and a $6MM non-cash write-off of deferred financing costs and original issue discounts related to extinguished debt.
$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!
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.