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Automobile spare parts distributor $LKQ said that it has inked a definitive agreement to acquire Rhiag-Inter Auto Parts Italia for a value of EUR1.04Bil. The Company plans to finance the acquisition with borrowings on its revolving credit facility. The deal is expected to close early in 2Q16 & would add to earnings in 2016.
$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.