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$MKC said its proposal of 60 pence per Premier Foods share values Premier Foods at Enterprise Value of about GBP 1.5Bil and represents 90% premium to pre-announcement Premier Foods share price of 31.5 pence and implied exit multiple of 10.3x pro forma 2015 EBITDA.
$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.