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$SKT said the property is subject to an existing $62MM mortgage loan, which bears interest at 175 BPs over LIBOR and matures in June 2017. This transaction implies a total value of $159.5MM for the property, which the company estimates is equivalent to a capitalization rate of about 6.27% on its forecasted 2016 property level net operating income.
$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?