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$GE said that it has signed a purchase agreement to acquire Metem Corporation, a US-based provider of precision cooling hole manufacturing technologies. Until the deal closes, the two companies will continue to operate as separate businesses, and Metem will be managed by the existing leadership team. $GE and Metem expect the deal to close in 1Q16.
$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?