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$ALK expects its combination with $VA to achieve $225MM annually in net synergies at full integration. One-time integration costs are expected to be $300-350MM. The combined airline is projected to have annual revenue of $7Bil plus. $ALK expects the transaction to add to adjusted EPS in the first full year, excluding integration costs.
$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.