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$XOM said it agreed to buy all outstanding shares of $IOC in transaction worth more than $2.5Bil. $XOM will pay $45 per share plus additional cash payment based on Elk-Antelope resource size to $IOC shareholders. $XOM said this acquisitions adds to its resources in successful Papua New Guinea business. The deal will close in September 2016.
$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?