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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.
$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?