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Clothing giant $PVH and funds advised by Apax Partners said $PVH will acquire the 55% interest that it did not already own in TH Asia Ltd., their joint venture for Tommy Hilfiger in China. The purchase price is approx. $172MM, net of cash of approx. $100MM. The deal, expected to close in 2Q16, will slightly add to 2016 non-GAAP EPS, $PVH said.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.