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On Nov. 11, 2015, $KR announced a merger agreement with $RNDY. Under this agreement, the company will purchase all outstanding shares of $RNDY for $3.60 per share in cash pursuant to a tender offer and assume Roundy's outstanding debt for a purchase price of approx. $800MM. The transaction is expected to close during 4Q15.
$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?