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$BGS agreed to buy spices and seasonings business of ACH Food Companies. As this will be structured as asset purchase, $BGS expects to realize about $83MM in tax benefits on net present value basis. At midpoint of $BGS' 2017 projected adjusted EBITDA, acquisition represents purchase price multiple of about 9.4 times adjusted EBITDA.
$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.