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Media holding company $GCI said it proposed to acquire all of the outstanding shares of common stock of $TPUB for $12.25 in cash per Tribune share. The total value of the proposal is approx. $815MM, including the assumption of certain Tribune liabilities, which include approx. $390MM of debt outstanding as of Dec. 31, 2015.
$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.