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$WFC said it has inked an agreement with Zurich American Insurance, a subsidiary of Zurich Insurance Group, to sell its Crop Insurance Business, Rural Community Insurance Services, and its subsidiary Rural Community Insurance Company. The transaction is expected to close by end of 1Q16 with an estimated purchase price between $675MM to $1.05Bil.
$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.