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you have to stay tuned for that. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: i look forward to that story. the before and after pictures are quite telling. we are doing quite well today. up 124-point right now. off of our earlier highs. you have most of the names on the dow with up aeros. microsoft and cisco being the only two pulling back a little bit. microsoft getting some downgrades today. you have financials, jpmorgan, bank of america leading the dow. others for banks, drugs, oil services, good day on wall street. we do not have contraction anymore, we actually have some expansion. let s take a look at the ceramics industry. 3m is buying. this is that a 43% premium. we have seen it up about 43% 43%. really hitting the nail with that. back to you. melissa: thank you. federal reserve chairman for nikki is speaking in indianapolis today. we are awaiting the question and answer session. as soon as it starts, we will bring it ....
new jersey. good morning to you. she has a lot more on the terms of the deal. good morning. of course all of this comes after a weekend of none stop negotiations, knight securing that funding that it needed though at a very steep cost to shareholders. as you mentioned earlier a formal deal has yet to be announced. according to reporting by david faber as well as kate kelly this is what we expect. the company will sell $400 million worth of convertible securities. a 2% coupon and a conversion price ever $1.50 a share which is below the closing price on friday. most investors are don t university these convertible shares into stock. who is buying in? jeffries taking a $100 million stake for a share of the convertible securities. blackstone and general atlantic taking 87 million each. td ameritrade and nicolaus will take the rest. they will own 70% of the firm. market cap dropped to $397 million from over a billion on wednesday. following a trading glitch that cause ad $ ....