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During 3Q16, $SYY entered into an agreement to acquire Cucina Lux Investments Limited, a parent holding company of the Brakes Group. The aggregate enterprise value to be paid by $SYY is approx. $3.1Bil and includes the repayment of approx. $2.3Bil of the Brakes Group's outstanding financial debt. The purchase price will be paid entirely in cash.
$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?