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Specialty chemicals company $ALB said that it has agreed to sell its Chemetall Surface Treatment business to BASF in a cash transaction of approx. $3.2Bil. This represents an LTM EBITDA multiple of 15.3x as of March 31, 2016. The transaction is subject to regulatory approvals & other customary closing conditions, & is expected to close by year-end.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!