Want to join the conversation?
Drug and medical devices maker $MNK completes the acquisition of Therakos, Inc. for value of approx. $1.325Bil. $MNK expects FY15 net sales of $185-$195MM for Therakos products & high single-digit growth going forward. The transaction is accretive $0.10 per share to $MNK's adjusted diluted FY16 earnings & increasingly accretive thereafter.
$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?