Want to join the conversation?
In Sept., $MCK agreed to buy pharmaceutical distribution business of UDG Healthcare for about $457MM in cash. The business primarily provides pharmaceutical and other healthcare products to retail and hospital pharmacies. The transaction was approved by UDG shareholders on Oct. 13. The acquisition is now expected to close in calendar 1H16.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.