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$MAC and $TCO said they have agreed to purchase Kansas City-based Country Club Plaza from $HIW for $660MM cash. $TCO and $MAC will each have a 50% interest in the plaza, which will be jointly managed by both companies. A long-term, fixed-rate loan for 50-60% of purchase price is expected to be placed on the asset. Sale is expected to close in 1Q16.
$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?