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$CIR has agreed to acquire Utah-based company Critical Flow Solutions (CFS) for $210MM. The acquisition is expected to close shortly and become accretive in the first 12 months of combined operations. $CIR plans to use its existing credit facility to finance the deal. CFS had revenue of approx. $120MM for the fiscal year ended June 30, 2016.
$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.