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$WPX said the buyout eliminates about $164MM in letters of credit and their associated annual interest expenses, and releases $WPX from nearly $400MM in demand obligations from 2016 through 2032. $WPX is using cash on-hand to fund the agreement. The parties expect to close the transaction in 3Q.
$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?