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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.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?