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$MKSI said the combined company expects to realize $35MM in annualized cost synergies within 18 to 36 months and anticipates revenue synergies from the expansion of $MKSI's served addressable markets and leverage of complementary sales channels. The transaction has been approved by both BoD of $MKSI and $NEWP and is expected to close in 2Q16.
$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?