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$LKQ said its acquisitions of Rhiag and PGW were financed by drawing down on its line of credit and the completion of a euro note offering back in April 2016. The company closed 2Q16 with approx. $273MM in cash, of which $196MM was held outside of the US. $LKQ's net debt was approx. $3.1Bil.
$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.