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As per the exchange offer, $LMT stockholders can exchange their $LMT shares for Abacus shares which will convert into $LDOS shares upon merger completion. Each Abacus share will convert into one $LDOS share. $LMT stockholders are expected to get about $111 of Abacus stock for every $100 of $LMT stock. The exchange is scheduled to expire on Aug. 16.
$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.