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Starboard Value, a major shareholder of $YHOO, said it has delivered a letter to $YHOO BoD. The letter states that the shareholders have lost confidence in the ability of present management and Board to create shareholder value. The solution to announce a change in direction of the spin requiring shareholders to wait another year is not acceptable.
$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?