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$KIM and RioCan have agreed to dissolve their Canadian JV owning 35 properties. The move is in line with $KIM's strategy to simplify its business by reducing the amount of properties it owns in JVs. The sale will take place in stages, and the disposition of the initial 19 properties will result in cash proceeds to $KIM of about $220MM.
$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?