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Storage solutions provider $WDC and Unisplendour Corporation Limited (Unis) have inked an agreement under which a subsidiary Unis will invest $3.775Bil or $92.50 per share to own 15% stake in $WDC. Unis will also gain the right to put one of its people on the Board, and will lose Board seat if its ownership stake falls below 10%.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.