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$BCR said its Board has agreed to acquire Liberator Medical Holdings, a medical products distributor, for $3.35 per share, or approx. $181MM. The deal is expected to close in 1Q16. $BCR expects the transaction to add approx. $70MM to 2016 net sales and to be slightly accretive to adjusted 2016 cash EPS.
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.