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Insurance company $UNM said it has agreed to acquire H&J Capital, LLC, parent of Starmount Life Insurance Company and AlwaysCare Benefits. $UNM is acquiring Starmount for $127MM plus net assets. The transaction is expected to be neutral to accretive to $UNM's EPS in 2017 and is expected to close by the end of the third quarter.
$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?