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Scientific instruments maker $A today reached an agreement to acquire Seahorse Bioscience for $235MM in cash. The transaction is expected to be accretive in FY16 to $A and will be debt financed. Acquisition is expected to complete by Nov 1.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.