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$V to acquire its sister company Visa Europe for an upfront consideration of EUR16.5Bil, consisting of EUR11.5Bil in cash and EUR5Bil in convertible preferred stock. Visa Europe investors could earn an additional payment valued at nearly EUR4.7Bil if certain revenue targets are met four years after the deal is closed, which is expected in mid-2016.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.