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Clothing giant $PVH and funds advised by Apax Partners said $PVH will acquire the 55% interest that it did not already own in TH Asia Ltd., their joint venture for Tommy Hilfiger in China. The purchase price is approx. $172MM, net of cash of approx. $100MM. The deal, expected to close in 2Q16, will slightly add to 2016 non-GAAP EPS, $PVH said.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.