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$ADI intends to use about $378MM of net proceeds from the offering to fund redemption of $375MM principal amount of 3% senior unsecured notes due 2016 on Dec. 18, 2015 and the remaining proceeds for general corporate purposes like CapEx, stock repurchases, repayment or refinancing of existing debt, dividend payments, and potential acquisitions.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.