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Corporate payment solutions company $WEX said it has completed the acquisition of Electronic Funds Source LLC (EFS). $WEX paid approx. $1.1Bil in cash and issued approx. 4MM shares of its common stock to investment funds affiliated with Warburg Pincus, EFS' former owner, as consideration for the acquisition.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.