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Mining solutions company $JOY said its BoD has approved an agreement under which Komatsu America Corp., a subsidiary of Tokyo-based Komatsu Ltd., will acquire $JOY for about $3.7Bil, including $JOY's outstanding indebtedness. Under deal terms, $JOY's stockholders will receive $28.30 per share in cash for each outstanding share held.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.