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$QCOM said some IP, patents, etc., of TDK businesses will be acquired by the JV, with some acquired by $QCOM. $QCOM has the option to acquire TDK's JV interest for $1.15Bil 30 months after closing date. TDK will be entitled to $200MM based on sales of RF filter functions over 3-year period after closing date. Deal is expected to close early 2017.
$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?