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$CAG said that Platinum Equity, a California-based private equity firm, agreed to acquire its JM Swank business, a national food ingredient sourcing and distribution company. Terms of the deal were not announced. Wells Fargo Securities, LLC served as exclusive financial advisor to $CAG on the transaction.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.