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Generic pharma company $LCI said it has completed the repurchase of the remaining $200MM of 12% Senior Notes due 2023, after amending existing credit agreement and raising an incremental $150MM Term Loan B. The proceeds of Term Loan B along with cash on hand were used to repurchase the remaining Senior Notes.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.