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During 3Q15, $SEE acquired B Equipment, a France-based company that designs, manufactures and services automated packaging equipment for order fulfillment operations. The purchase price was $20MM which included an immaterial amount of contingent consideration. The net assets consisted of $13MM of primarily intangible assets and $7MM of goodwill.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.