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$MSM said it intends to repurchase up to 300MM in Class A common stock through a modified Dutch auction tender process. The company will offer to repurchase shares at a price per share of not less than $66 and not greater than $72.50. The tender offer will commence on July 7, 2016 and will remain open for at least 20 business days.
$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.