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$HST closed three hotels to complete major redevelopment, The Axiom in San Francisco, The Logan in Philadelphia and The Camby in Phoenix. These three projects are expected to complete the construction around the end of the year or early Jan. In 2015, these three assets are expected to generate EBITDA of negative $4MM.
$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.