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$WNR and $NTI said that they have entered into a merger deal whereby $WNR will acquire all of $NTI's outstanding units not already owned by $WNR. Under the terms of the deal, $NTI unitholders will receive $15.00 in cash and 0.2986 of a share of $WNR common stock for each $NTI common unit held. The transaction is expected to close in 1H16.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.