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As per the agreement, Technip shareholders will receive 2 TechnipFMC shares for each Technip share and $FTI shareholders will receive 1 TechnipFMC share for each $FTI share. TechnipFMC is expected to deliver at least $400MM in annual pretax cost synergies in 2019. The deal will add to both companies' EPS, and is expected to close in early 2017.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.