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B2B technology distributor $AVT said that it has agreed to sell its Technology Solutions operating group to $TECD in a stock and cash transaction valued at approx. $2.6Bil. Upon completion of the transaction, the company expects to realize a gain of $3.75-4.75 per share. $AVT expects to close the deal in calendar 1Q17 or 2Q17.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.