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Molina Healthcare of Michigan, Inc., a subsidiary of $MOH, said that it plans to acquire certain assets of the Medicaid and MIChild businesses of HAP Midwest Health Plan, Inc. $MOH will fund the transaction with available cash on hand and the deal is expected to close in Jan. 2016, subject to regulatory approval.
$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?