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$STL, through its principal subsidiary, Sterling National Bank, said it has closed the acquisition of NewStar Business Credit (NSBC). NSBC is a unit of $NEWS. The acquisition is priced at 127% of tangible book value. The purchase price is $112MM with 100% of the consideration paid in cash.
$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.