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$HPE said it agreed to sell its equity stake in Mphasis Ltd. to private equity funds managed by $BX. Under terms of agreement, $BX has agreed to purchase at least 84% of $HPE's stake in Mphasis for INR 430 per share. At the proposed price, $HPE's stake is valued at about $825MM. The transaction is expected to close in 2H16.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.