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Insurance holding company $UIHC said it has closed its acquisition of Interboro Insurance Company by acquiring all issued and outstanding common stock of Interboro for $57MM. $UIHC paid $48.5MM of cash at closing and issued an $8.5MM promissory note to Interboro LLC, which will mature in 18 months after closing of the transaction.
$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?