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Product solutions firm $JBL said that it has entered into a note purchase agreement with certain third parties which it anticipates to close on July 14, 2016 for a private placement of $300MM of senior unsecured notes that mature on June 14, 2023 with an interest rate of 4.9%. This will be used to repay $312MM 7.75% Senior Notes due July 15, 2016.
$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.