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$GIII plans to fund the Donna Karan acquisition through new debt, $75MM of newly issued stock to LVMH, and a $75MM 6.5-year seller note. $GIII has financing commitments from Barclays and JPMorgan Chase NA for a $525MM asset-based lending credit facility and a $450MM 6-year term loan. Barclays is financial advisor to $GIII for the deal.
$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.