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$OUTR will be acquired by affiliates of certain funds managed by affiliates of $APO for $52 per share in cash. The transaction is valued at approx. $1.6Bil, including net debt. Effective Sept. 27, 2016, $OUTR became a privately-held company and its common stock ceased trading on the Nasdaq Global Select Market and will be delisted.
$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.