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Implants and surgical equipment maker $SYK said it agreed to acquire Sage Products, LLC from Madison Dearborn Partners for $2.775Bil. The transaction includes an anticipated future tax benefit which is expected to exceed $500MM and to positively impact cash flows over about 15 years, $SYK said. Sage sales for fiscal 2015 totaled $430MM, it added.
$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?