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$AVNU said the transaction is comprised of stock consideration of approx. 3.7MM shares of $PNFP common stock and $22.9MM in cash. Pinnacle will assume $20MM of subordinated debt previously issued by Avenue. The proposed merger with $AVNU is expected to result in a combined financial institution with over $10.5Bil in assets and $8Bil in deposits.
$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.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.