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$ABT said its acquisition of $ALR will immediately add to its ongoing EPS upon close and significantly accretive thereafter, with about 12-13 cents of accretion in 2017 and more than 20 cents in 2018. The deal is anticipated to result in annual pre-tax synergies approaching $500MM by 2019 and increasing thereafter, $ABT said.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.