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Energy company $GXP said that it agreed to acquire $WR in a combined cash & stock transaction for approx. $12.2Bil, including total equity value of approx. $8.6Bil. On closing, $WR will become a wholly-owned subsidiary of $GXP. The company expects the acquisition to be neutral to EPS in first full calendar year of operations and accretive later.
$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?