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$BGS agreed to buy spices and seasonings business of ACH Food Companies. As this will be structured as asset purchase, $BGS expects to realize about $83MM in tax benefits on net present value basis. At midpoint of $BGS' 2017 projected adjusted EBITDA, acquisition represents purchase price multiple of about 9.4 times adjusted EBITDA.
$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?