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$ERI expects net leverage ratio to be about 5.1x at close of the $ISLE acquisition. $ERI plans to use free cash flow expected to be generated by the combined company to reduce leverage and pursue future growth opportunities. Company received committed financing of $2.1Bil from $JPM who is acting as company's financial adviser for the transaction.
$WTW Great marketing execution and overwhelming response to the development strategy is seeing the stock boom. Biggest intraday gain ( 30%) since Nov. 2015. Hats off to Oprah Winfrey !!
$HSY is planning to cut its global workforce by 15%.
$ACN spreading its arms!! Now into pipeline network and emergency management services, thanks to the latest Davies Consulting buy.