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$EGN said it launched an underwritten public offering of 12MM shares of its common stock, subject to market and other conditions. The underwriter will have a 30-day option to purchase up to 1,800,000 additional shares from $EGN. The company intends to use the net proceeds from the offering to repay borrowings under its credit facility.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.