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In Aug., $TRIP sold 100% interest in one of its Chinese subsidiaries to unrelated third party for $28MM in cash consideration, which includes $3MM currently held back by purchaser for certain short-term contingencies. $TRIP deconsolidated $11MM of assets and $4MM of liabilities and recognized $17MM gain on sale of unit in 3Q15 results.
$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?