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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.
$EXTR has been on an interesting uptrend, fundamentals kinda tricky but solid technical. Earnings 5th
Wow! $MCD scores again.