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$LHO said it priced an underwritten public offering of 6MM 6.3% Series J Cumulative Redeemable Preferred Shares at a price of $25.00 per share for gross proceeds of $150MM. The offering is expected to close on May 25, 2016, subject to customary closing conditions. Wells Fargo Securities & BofA Merrill Lynch are joint book-running managers.
$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.