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Electronic hardware company $MENT said it has entered into an agreement to repurchase 8,060,145 shares of its common stock owned by Carl. C Icahn and his affiliates, at $18.12 per share. The total purchase price for the shares is $146MM and the transaction is expected to close on Feb. 26, 2016.
$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.