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Pharmacy & convenience stores chain $WBA said it will buy rival $RAD for $9 per share in cash, at a premium of 48% to the closing price on Oct. 26, for a total value of about $17.2Bil, including acquired net debt. $WBA said the deal will add to its adjusted earnings per share in its first full year after completion.
$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!
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.