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Health and well-being company $WBA said it exercised warrants to purchase 22,696,912 shares of $ABC common stock for an aggregate payment of approx. $1.17Bil. The transaction was funded using existing cash on hand. The company now owns 34,157,955 shares of $ABC common stock or 14.97% of its outstanding equity.
$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?