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Semiconductor products provider $CAVM said it will acquire all of the outstanding $QLGC common stock for approx. $15.50 per share, comprised of $11 per share in cash and 0.098 of a share of Cavium common stock for each share of QLogic common stock, through an exchange offer. The deal will be $0.60-0.70 accretive to $CAVM's CY17 non-GAAP EPS.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.