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Pharma company $XNPT it agreed to be acquired by Arbor Pharmaceuticals for $7.03 per share in cash, or a total equity value of approx. $467MM. The transaction, which has been unanimously approved by both the Board of Directors, is expected to close in the 3Q16. Centerview Partners is serving as exclusive financial advisor to $XNPT.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.