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$THO said the purchase price of approx. $576MM in cash, is subject to post-closing adjustments. The purchase price was funded through existing cash balances as well as approx. $360MM in borrowings from an asset-based revolving line of credit arranged through the company's lenders. $THO plans to repay the loan through internally generated cash flow.
$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.