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Steelmaker $NUE to acquire Independence Tube Corporation (ITC) for $435MM. ITC manufactures hollow structural section (HSS) steel tubing and operates four state-of-the-art facilities in Illinois and Alabama. These facilities annually produce roughly 600,000 tons of HSS steel tubing and employ approx. 335 teammates.
$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.