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$EQR said during 1Q16 it closed on the sales of seven other non-core assets totaling 2,577 apartment units. The company sold its 1,811-unit Woodland Park property in East Palo Alto, California, which was acquired out of foreclosure in late 2011 for $130MM, for $412.5MM. $EQR also realized an unleveraged IRR of 37.2%.
$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?