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$PII agreed to buy private;y-held Transamerican Auto Parts (TAP), an integrated maker of off-road Jeep and truck accessories, for $665MM. It will close by year-end 2016. TAP will operate as distinct business unit reporting to Steve Eastman, $PII's PG&A President. $PII will fund acquisition with borrowings under existing credit facilities.
$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.