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$HBI said it has completed the acquisition of Pacific Brands, an underwear and intimate apparel company in Australia, for about $800MM on an enterprise-value basis, or slightly more than 10 times projected CY16 EBITDA. The all-cash transaction is expected to deliver an after-tax internal rate of return in the mid-teens.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!