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Related to the Produquimica acquisition, $CMP will assume about $150MM long-term debt, most of which will be retired in 4Q16. The acquisition includes about $150MM of net working capital. $CMP expects the deal to add $0.12-0.15 to 2016 diluted EPS. Company expects to close the deal in early Oct. 2016 and to fund the acquisition with new debt.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.