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$KKD said it is being taken private, with JAB Beech agreeing to buy $KKD for $21 per share in cash, or a total equity value of about $1.35Bil. The agreement, which has been unanimously approved by $KKD's BoD, represents premium of about 25% over closing stock price on May 6. The transaction is expected to close in 3Q.
$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?