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Ready-to-eat cereal maker, $K announced that it will spend $450MM to acquire 50% stake in African distributor Multipro, funding through global cash and an increase in commercial paper. $K also created a JV with Tolaram to develop snacks & breakfast foods to sell in West Africa with a right to acquire a stake in Tolaram Africa Foods in the future.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!