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Energy Major $MPC said it has increased its cash consideration to $6.20 per unit for merger of $MPLX & $MWE combination, which was up from previously announced $5.21 per unit on Nov. 10, 2015. $MWE unit holders will now receive about $1.28Bil in cash & 1.09 $MPLX common units per $MWE common unit based on closing price of $MPLX on Nov. 16, 2015.
$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.