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Pennsylvania American Water, a subsidiary of $AWK, signed an asset purchase agreement to buy McKeesport wastewater system for about $156MM. This follows recent votes by McKeesport City Council and the Municipal Authority of City of McKeesport (MACM) in favor of Pennsylvania American Water purchasing wastewater assets. The deal will close in 2H17.
$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?