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$NBL said it agreed to divest a 3% working interest in the Tamar field, offshore Israel, to Harel Group in partnership with Israel Infrastructure Fund. The value of $369MM is based upon a gross pre-tax Tamar valuation of about $12Bil. Closing for transaction is anticipated in 3Q16, with after-tax proceeds received expected to be about $275MM.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.