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$GCI said it has raised its all-cash, premium offer to acquire $TPUB to $15 per share from $12.25, representing a premium of 99% to $TPUB's closing price of $7.52 per share on April 22. The total value of the revised offer is about $864MM, including the assumption of some $TPUB liabilities including about $385MM of debt outstanding as of March 27.
$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?