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Evansville, Ind.-based $ONB and Madison, Wisc.-based $ABCW said that they have entered into a merger agreement, under which $ONB will acquire $ABCW through a stock & cash merger. The total transaction is valued at about $461MM and anticipated to be closed in 2Q16. The merger has been unanimously approved by the BoDs of both $ONB and $ABCW.
$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.