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Specialized polymer materials provider $POL said it has acquired 2 specialty businesses from Gordon Holdings for a combined price of $85.5MM, including all assets of the businesses, intellectual property, trademarks and production assets. Company expects the acquisitions to add $40MM to revenue and add to earnings in 2017.
$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.