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On August 8, 2016, $SCSC announced an agreement to acquire Intelisys Communications, Inc. Under the agreement, the all-cash transaction includes an initial purchase price of approx. $83.6MM, plus earn-out payments based on a multiple of EBITDA over the next 4 years, which could range from $100-150MM. The acquisition closed on August 29, 2016.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?