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Media holding company $GCI said it proposed to acquire all of the outstanding shares of common stock of $TPUB for $12.25 in cash per Tribune share. The total value of the proposal is approx. $815MM, including the assumption of certain Tribune liabilities, which include approx. $390MM of debt outstanding as of Dec. 31, 2015.
$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!