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$AA, which announced in Sept. 2015 that it will split into two different companies, proposed an offering of senior notes by Alcoa Nederland Holding B.V., a subsidiary of its upstream business. The proceeds will be used to pay to fund the transfer of certain assets from $AA to the Alcoa Nederland Holding and for general corporate purposes.
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.