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$BANC said it has signed an agreement for the sale of its subsidiary Palisades Group to Palisades Holdings I, which is owned by Stephen Kirch and Jack Macdowell, who currently serve as Palisades' CEO and CIO, respectively. The transaction is expected to close during 2Q16 and to add to its 2016 earnings.
$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?