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$TYC said it will continue to provide its fire, security and life safety products in South Africa, after sale of security business is completed. The transaction is expected to close in late 1Q17. Deutsche Bank is acting as exclusive financial adviser and Simpson Thacher & Bartlett and Bowman Gilfillan are acting as legal advisors to $TYC.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.