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$KR agreed to acquire $RNDY for $800MM as this deal gives grocery retailer to expand its footprint in Wisconsin area with 151 stores & 34 Mariano's locations in Chicago. The deal, which values $RNDY at $3.60 per share, has been approved by the BoD of both companies and is scheduled to close by 2015 end.
$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?