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In May 2016, $MNRO said that it completed the acquisition of 29 McGee Auto Service and Tires retail and commercial stores in Florida. The acquisition is expected to add approx. $50MM in annualized sales, representing a sales mix of 40% service and 60% tires. The deal is expected to be breakeven in FY17.
$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?