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Tokyo-based SOMPO Holdings agreed to buy $ENH for $93 per share in cash. The aggregate consideration is about $6.3Bil. The acquisition has been approved b BoD of $ENH and will be effected through SOMPO's unit SOMPO Japan NI. It is expected that the transaction will close before the end of SOMPO's current fiscal year-end March 31, 2017.
Visa ($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.