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$LMCB reported that the selling stockholders will get a mix of consideration comprising $1.1Bil in cash, 138MM newly issued shares of $LMCK and a $351MM exchangeable debt instrument to be issued by Formula One and exchangeable into shares of $LMCK. Funding for the cash part is expected to come from cash on hand at $LMCK.
$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.