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Biotechnology and clinical diagnostic brands holding company $TECH said it will acquire Advanced Cell Diagnostics (ACD) for $250MM in cash plus contingent consideration of $75MM due upon achieving some milestones. Deal will be financed through cash on hand and a revolving credit facility that $TECH expects to obtain before closing the acquisition.
$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?