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$SCL said its unit in Brazil has agreed with Tebras Tensoativos do Brazil to acquire their commercial business and with PBC Industria Quimica to acquire their sulfonation production facility. The combined entities have annual sales of about $32MM, and 25,000 metric tons of sulfonation capacity. The deal is likely to close in 4Q16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.