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Pittsburgh, Pennsylvania-based $PPG said the MetoKote Corporation acquisition closed July 1, 2016 and it expects the business divestitures to be completed by year-end 2016. During 2Q16, $PPG fully funded its Pittsburgh Corning Asbestos Trust obligations, including the prepayment of all future obligations for about $270MM at a 5.5% discount rate.
$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?