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$DOV said it agreed to acquire Wayne Fueling Systems, owned by Riverstone Holdings, for $780MM. Upon close of the transaction, Dover's annualized retail fueling revenue will be $1.4Bil after the deal, the company said. Annual revenue for Wayne in 2016 is estimated to be approx. $550MM. The deal is expected to close in the second half of 2016.
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!
$AVGO reports 4Q earnings today. I am wondering what to expect.
$SHLD seems to be rolling down the curve, it has been reporting net loss for the past many quarters. The Company Board seems to be doing nothing to stem this trend.