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In Sept. 2015, $OREX sold 20MM shares of its common stock & warrants to purchase 5MM shares of its common stock in a private placement to an affiliate of The Baupost Group LLC at a purchase price of $3.00 per share of common stock and 0.25 of a warrant, raising net proceeds of $59.8MM. The warrants are exercisable for five years at $6.00 per share.
$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.