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As per the exchange offer, $LMT stockholders can exchange their $LMT shares for Abacus shares which will convert into $LDOS shares upon merger completion. Each Abacus share will convert into one $LDOS share. $LMT stockholders are expected to get about $111 of Abacus stock for every $100 of $LMT stock. The exchange is scheduled to expire on Aug. 16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.