Want to join the conversation?
$IFF agreed to buy David Michael & Co., a privately-held flavors company headquartered in Philadelphia, PA, for undisclosed terms. The transaction, funded from existing resources, is expected to add about $85MM in revenue in 2017. Until deal closes, which is expected to occur in 4Q16, David Michael and $IFF will operate as separate companies.
$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?