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On Feb. 11, $INN entered into a $27.5MM loan with ARC. $20MM of the proceeds were applied towards the purchase price of the 6 hotels sold in the Feb. closing and $7.5MM was applied towards the new earnest money deposit required by the reinstated purchase agreement. The loan has an initial maturity date of Feb. 11, 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?