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$UBSI said it will buy 100% of outstanding shares of $CFNL in exchange for common shares of $UBSI. The exchange ratio will be fixed at 0.71 of $UBSI's shares for each share of $CFNL. The aggregate consideration is about $912MM based on $CFNL's common shares outstanding of 32.5MM and options outstanding of 1.02MM. The deal will close mid-2017.
$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.