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$NWL said it agreed to sell its Levolor & Kirsch window coverings brands to Hunter Douglas. The gross proceeds are expected to be $270MM, which includes the retention of accounts receivable. The deal is expected to close in 2016, subject to certain customary conditions, including regulatory approvals. The proceeds will be used to pay down debt.
$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?