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$STZ 1Q16 Call – Robert, CEO: This morning we’re excited to announce STZ‘s planned purchase of the Meiomi wine brand for approx. $315MM; transaction expected to be accretive for fiscal 2016. In FY14, Meiomi generated $65MM in net sales with operating profit margin profile that significantly exceeds margin rate of our overall Wine & Spirits.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.