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$LH said it agreed to buy $SQNM in a cash tender offer for $2.40 per share, or an equity value of $302MM, which represents a total enterprise value of about $371MM, including debt. $LH formed an acquisition unit, Savoy Acquisition, that will begin tender offer to buy all shares of $SQNM for $2.40 per share. The closing is expected by year end.
$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?