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As part of the transaction, $LMT will receive a one-time cash payment of $1.8Bil, which the company will use to repay debt, pay dividends and/or repurchase its stock. Immediately after deal completion, about 50.5% of outstanding $LDOS shares are expected to be held by pre-merger Abacus stockholders on a fully diluted basis.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.