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$ACOR said it also received a commitment from JPMorgan Chase, N.A. for an asset-based loan facility for up to $60MM. The closing of this transaction is expected to occur within 6 weeks. $ACOR said it has $353MM in cash at year-end 2015. $ACOR sees proceeds to be sufficient to fund ongoing operations.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?