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The networking company $EQIX announced a public offering of $750MM of its common stock. $EQIX also intends to grant underwriters a 30-day option to purchase an additional $112.5MM of its common stock. The company intends to use net proceeds along with offering of senior unsecured notes of about $1Bil & $700MM for M&A activities & repayment of debt.
$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.