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$SYY M&A Update: Sysco announced that it has terminated its merger agreement with US Foods, days after the US District Court in Washington, D.C. granted FTC’s request for preliminary injunction to block proposed Sysco-US Foods merger. This action also terminates an agreement with Performance Food Group to purchase US Foods facilities in 11 markets.
$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.