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Travel suitcases and bags maker $TUMI said it will be acquired by Samsonite International for $26.75 per share, or an equity value of $1.8Bil. This represents a 13.6x enterprise value to $TUMI's adjusted EBITDA for last 12 months ended Dec. 31, 2015. The deal has been approved by the BoDs of both companies and is expected to close in 2H16.
$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?