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$ZBH said it reiterated its 2016 adjusted diluted EPS guidance of $7.85-8.00. The transaction is expected to be neutral to adjusted diluted EPS in 2017 and accretive thereafter. Following the completion of the transaction, $ZBH plans to issue $750MM of senior unsecured notes, the proceeds of which will be used to repay the credit facility.
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.