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Corporate payment solutions company $WEX said it has completed the acquisition of Electronic Funds Source LLC (EFS). $WEX paid approx. $1.1Bil in cash and issued approx. 4MM shares of its common stock to investment funds affiliated with Warburg Pincus, EFS' former owner, as consideration for the acquisition.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.