Want to join the conversation?
$OFG said its subsidiary, Oriental Bank's, outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold. This greatly reduces the bank's direct exposure to Puerto Rico government-related credits. Gross proceeds from the sale of $124MM were slightly lower than adjusted book balance, net of reserves.
$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?