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$LXK said 70% of the outstanding shares were voted at the special shareholder meeting and of the shares that were voted, 99% were voted in favor of the merger whereby $LXK is to be acquired by a consortium of investors led by Apex Technology and PAG Asia Capital. The transaction is expected to be completed in 2H16.
Visa ($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.