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$TECD agreed to buy Technology Solutions business from $AVT for $2.4Bil in cash and 2.785MM common shares of $TECD, in a transaction valued at about $2.6Bil. $TECD also expects to realize about $200MM in present value of tax benefits. The transaction is expected to close in calendar 1H17.
$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.