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$MEG shareholders would own 50.2% and $MDP shareholders, who would receive 2.8244 shares of Meredith Media General for each share of $MDP, would own 49.8%, of fully-diluted shares of Meredith Media General. $MDP shareholders would receive $14.95 per $MDP share in cash at closing for total cash proceeds of about $685MM.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.