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$SGBK said Charles Brown, Insignia CEO, will be CEO of Charlotte, Sarasota and Manatee Counties with Tyrone Shinn, SVP and Team Leader at $SGBK, as President. Company expects the transaction to add to its EPS and be slightly dilutive to its tangible book value per share. The acquisition is expected to close in 1Q17.
$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.