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Specialty chemicals company $ALB said that it has agreed to sell its Chemetall Surface Treatment business to BASF in a cash transaction of approx. $3.2Bil. This represents an LTM EBITDA multiple of 15.3x as of March 31, 2016. The transaction is subject to regulatory approvals & other customary closing conditions, & is expected to close by year-end.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!