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Activewear apparel company $HBI said it has acquired Champion Europe in an all-cash transaction for the purchase price of 10 times actual calendar 2016 EBITDA, subject to adjustment for cash, debt and working capital. $HBI expects the final purchase price to be approx. EUR200MM.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.