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$FPI expects the $AFCO acquisition to contribute about $16MM of revenue in 2016. Deal is expected to add about 10% to AFFO per share in 2017, growing to 20% as synergies are fully realized. Combined company is expected to have a fully-diluted market cap of about $400MM. The deal is expected to close in later part of 2016 or early 1Q17.
$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?