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$LLL acquired Micreo Limited on September 30, 2016. The terms of the deal were not disclosed. The company, now known as L-3 Micreo, is located in Brisbane, Australia. The business is projected to generate $27MM in sales for the year ending December 31, 2017 and to be accretive to $LLL's earnings.
$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?