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Maker of lifestyle apparel $VFC said that it has agreed to sell its Contemporary Brands businesses to Delta Galil Industries, Ltd. for $120MM, subject to various working capital adjustments. The transaction is anticipated to close in 3Q16 and is subject to various regulatory approvals and other customary closing conditions.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.