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$UDR expects to use net proceeds from the notes offering to prepay about $158MM of secured debt due May 2017, to repay a part of the debt outstanding on its $1.1Bil unsecured credit facility which has a maturity date of Jan. 31, 2020, and for general corporate purposes. The settlement of the offering is expected to occur on Aug. 23, 2016.
$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!