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Market Update

Janus in $6 B Deal with Henderson, Salesforce.com to Acquires Krux


Author: Mukesh Buch
ticker.com
Last Update: 4:59 PM ET October 04 2016

3:00 PM New York Computer Services net jumped 9%. Darden Restaurants profit surged 28% and the restaurant operator lifted outlook. Janus Capital agreed to be acquired by the London-based Henderson for about $6 billion. Krux agreed to be acquired by Salesforce.com for $700 million.

Tollbooth Index slid 12.78 to 10,906.16.

Earnings Review

Computer Services, Inc (CSVI) gained 20 cents to $38.60 after the information technology services provider said revenues in the second-quarter ending in August increased 3.1% from a year ago to $57.9 million.

Net income in the quarter jumped 8.6% to $8.2 million or 59 cents per diluted share compared to the $7.5 million or 53 cents per share from the same quarter last year.

Darden Restaurants, Inc (DRI) increased 1.4% or 83 cents to $62.19 after the full-service restaurant operator reported revenues in the first-quarter ending on August 28 rose 1.6% from a year ago to $1.7 billion.

Same-Restaurant Sales in the quarter advanced 2%.

Net income in the quarter surged 27.5% to $110.2 million or 87 cents per diluted share compared to the $86.4 million or 67 cents per share from the same quarter last year.

Darden reaffirmed same-restaurant sales forecast of about 1% to 2% and lifted diluted earnings per share between $3.87 and $3.97 from earlier estimated range of $3.80 to $3.90.

Janus Capital Group Inc (JNS) declined 3.4% or 58 cents to $15.12 after the investment and financial advisor agreed to be acquired by the London-based rival and asset manager Henderson Group for about $6 billion.

The transaction is expected to close in the second-quarter of 2017 and the combined company plans to list on the New York Stock Exchange.

Krux Digital Inc, the privately held San Francisco-based marketing technology provider agreed to be acquired by cloud computing services provider Salesforce.com, Inc for about $700 million in cash and stock.

McDonald''s Corporation (MCD) fell 27 cents to $114.37 after Wall Street Journal reported the quick service restaurants chain plans to sell its 2,200-store chain in China for as much as $2 billion before the end of the year.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc