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$AIN said it agreed to buy $HRS' composite aero-structures division for total consideration of $210MM including assumption of $23MM capital lease. The acquisition is projected to be slightly add to $AIN earnings in 2016, with projected 2016 sales of $80-90MM and Adjusted EBITDA of $13-15MM. The deal will close by end of 1Q16 or early 2Q16.
$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?