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Elections by $JCI shareholders are subject to proration such that aggregate of about $3.9Bil cash is paid in merger. The combination will be tax-free to $TYC shareholders, and taxable to $JCI shareholders. $TYC has secured committed $4Bil bank facility to finance cash consideration. The transaction is expected to close by end of FY16.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?