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$IILG said it completed the previously announced acquisition of Vistana Signature Experiences, Inc. from $HOT. Starwood shareholders receive approx. 72.4MM of $IILG shares valued at $14.24 per share based on the closing price of its shares on May 11, 2016. $IILG paid approx. $123MM in cash to $HOT, subject to post-closing adjustment.
$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.