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Sharpie and Parker pens maker $NWL has agreed to buy its rival $JAH to create a $16Bil consumer goods company. $JAH shareholders will receive $21 in cash and 0.862 $NWL shares for each share held. The combined company will be named Newell Brands and $NWL shareholders will own about 55% of it. The transaction is expected to be completed in 2Q16.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.