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$MHFI 2Q15 Call: At the quarter end, we had approx. $1.5Bil term debt. As a result of SNL acquisition, we currently anticipate issuing $1.7Bil of long-term debt to fund the transaction & we anticipate completing the financing ahead of projected closing; once transaction completed, this would bring total debt to approx. $3.2Bil or 1.6 times EBITDA.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.