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$RRD received cash distributions from each of $LKSD and $DFIN in connection with the spin-offs that are being used to reduce its debt. The company retained 19.25% ownership in these two businesses to enable further deleveraging. In connection with the closing and as said on Sept. 14, 2016, $RRD distributed 80.75% of $DFIN and $LKSD, respectively.
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.