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$DRH said that the total consideration, adjusted to include the cost of projected near-term CapEx, represents a 7.2% capitalization rate on Orlando Airport Marriott Lakeside's net operating income for the year ended Dec. 31, 2015. The consideration also represents an 11.5x multiple on the Hotel's adjusted EBITDA for the year ending Dec. 31, 2015.
$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?