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$CREE announced execution of a definitive agreement to sell its Wolfspeed Power and RF division to Infineon Technologies for $850MM in cash. J.P. Morgan Securities LLC served as $CREE's financial adviser on transaction. The closing is expected by the end of CY16. $CREE sees about $585MM of net proceeds after tax and other deal related costs.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!