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$CX's unit in the U.S. has agreed for sale of its Fairborn, Ohio cement plant and cement terminal in Columbus, Ohio to $EXP for about $400MM. 2016 EBITDA for the divested assets is expected to be $33MM. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. It will close during 4Q16.
Visa ($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.