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Oil and gas company $RRC said it has entered into an agreement with $MRD under which $RRC will acquire all of the outstanding shares of common stock of $MRD in an all-stock transaction valued at $4.4Bil. This valuation includes the assumption of $MRD's net debt, which was $1.1Bil as of March 31, 2016. The deal will close in 2H16.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?