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Casino entertainment company $ERI said it will acquire gaming company $ISLE for $23 in cash or 1.638 shares of $ERI common stock, reflecting total worth of about $1.7Bil. This will include $929MM of long-term debt of $ISLE and its subsidiaries. The deal value represents a 36% premium over closing share price of $ISLE on Sept. 16.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?