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Effective tax rate was 130 BP higher than last year and $DRI is expecting full-year tax rate to be within 21-24% range as was disclosed in June. From a balance sheet point of view, $DRI received approx. $130MM in proceeds that was related to the sale leaseback of 33 restaurant properties.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.