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$TLN said the purchase price represents a 56% premium to the closing price of $9 per share on March 31, 2016, the last trading day before public reports of a potential sale, and a 101% premium to the 60-day volume-weighted average price of $6.95 per share through March 31. The transaction has a total enterprise value of approx. $5.2Bil.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.