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$SLG said it realized cash proceeds of about $480MM at closing, which will be used for debt reduction and other investment opportunities. The partnership is seeking modification to mortgage on property, which, if not obtained within 6 months after closing, may result in $SLG repurchasing sold interest from PGIM Real Estate.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.