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$ENB and $SE agreed to merge. $SE shareholders will receive 0.984 shares of combined company, which will be called Enbridge Inc., for each $SE common share they own. The consideration to be received by $SE shareholders is valued at $40.33 per share. $ENB shareholders are expected to own about 57% of combined company and $SE will own about 43%.
$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?