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On August 8, 2016, $SCSC announced an agreement to acquire Intelisys Communications, Inc. Under the agreement, the all-cash transaction includes an initial purchase price of approx. $83.6MM, plus earn-out payments based on a multiple of EBITDA over the next 4 years, which could range from $100-150MM. The acquisition closed on August 29, 2016.
$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.