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The purchase price of $409MM includes $315MM of cash, issuance of $1MM shares of company's common stock, and issuance of 87,500 shares of 3% Series A Convertible Preferred Stock. $CSAL intends to fund cash part of the transaction through cash on hand and borrowings under its revolving credit facility.
$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!