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In the reverse spin off, $YHOO's assets and liabilities other than the $BABA stake would be transferred to a newly formed company, the stock of which would be distributed pro rata to $YHOO shareholders. The reverse spin off would result in two separate publicly-traded companies.
$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?