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In 4Q15, $PLD chose to split a few sales across multiple buyers to maximize proceeds and deferred certain contributions to amass better scale, pushing the activity into 1H16. $PLD started $1.8Bil of development with builder suites making up 44%. The starts will generate estimated value creation at $388MM and margin at 21%.
$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?