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The sale of $HLIT's 4% convertible senior notes is expected to settle on December 14, 2015, subject to customary conditions and is expected to yield about $120.8MM in net proceeds to $HLIT. The net proceeds will be used to pay off costs associated with the Thomson Video Networks SAS acquisition and for share repurchases.
$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.