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Implants and surgical equipment maker $SYK said it agreed to acquire Sage Products, LLC from Madison Dearborn Partners for $2.775Bil. The transaction includes an anticipated future tax benefit which is expected to exceed $500MM and to positively impact cash flows over about 15 years, $SYK said. Sage sales for fiscal 2015 totaled $430MM, it added.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!