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$GIII plans to fund the Donna Karan acquisition through new debt, $75MM of newly issued stock to LVMH, and a $75MM 6.5-year seller note. $GIII has financing commitments from Barclays and JPMorgan Chase NA for a $525MM asset-based lending credit facility and a $450MM 6-year term loan. Barclays is financial advisor to $GIII for the deal.
$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?