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$CST said its BoD has unanimously approved a definitive merger agreement with Canadian Alimentation Couche-Tard. Alimentation Couche-Tard will buy all shares of $CST for $48.53 per share in cash, representing total enterprise value of about $4.4Bil, including assumption of net debt. The transaction is now expected to close early CY17.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?