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Oilfield services company $SLB said it has closed its merger with $CAM. Each $CAM stockholder will receive 0.716 shares of $SLB common stock and $14.44 in cash, in exchange for each $CAM share. Pursuant to the merger $SLB has issued about 138MM shares. Former $CAM stockholders own about 10% of $SLB's outstanding shares.
$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.