The KUIK Closing Market Report for Monday, June 1: |
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Markets were up. |
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
Dow |
Up |
30 |
points |
18,040 |
3:49 PM |
|
|
S&P500 |
Up |
0.2% |
percent |
2,112 |
|
4.34 |
|
Nasdaq Composite |
Up |
0.3% |
percent |
5,083 |
|
12.90 |
|
30 Year Treasury |
Up |
10 |
Basis Points |
2.95 |
Annual Yield |
|
|
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Intel today confirmed that it has agreed to buy Altera for $54 in cash, or about $16.7 billion. Intel said the deal will enable it to expand into products that meet customer needs in the data center and the Internet of Thing. It it expects the deal too boost non-GAAP EPS and free cash flow in the first year after it closes. The company will fund the deal with cash and debt and said it expects it to close within six to nine months. Altera shares were up 4.8% on the news, while Intel was up 0.6%. |
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/intel-confirms-to-buy-altera-for-54-in-cash-or-167-bln-2015-06-01-8914028 |
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For today’s Closing Market Report click to listen-> |
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