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Private debt manager $CIFC said it will be acquired by an affiliate of FAB Partners, for about $333MM in cash. Under deal terms, $CIFC shareholders will get $11.46 per share, a premium of more than 60% over $CIFC's closing share price on Aug. 19. $CIFC BoD has declared a dividend of $0.10 per share payable Sept. 12 to holders of record on Aug. 31.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.