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Pharma company $MYL said it has made a public offer to Meda Aktiebolag shareholders to tender all their Meda shares to $MYL. Total consideration will be a combination of cash and $MYL ordinary shares, with a value at announcement of SEK 165 per Meda share and total value for all Meda shares, including net debt, of about SEK 83.6Bil or $9.9Bil.
Visa ($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.