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$SKT said it now owns 100% of Tanger Outlets Westgate located in the Greater Phoenix market after completing the acquisition of its partners' ownership interests on June 30, 2016. The partners received cash consideration of about $41MM for their 42% stake in the JV, which Tanger funded with borrowings under its unsecured lines of credit.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?