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$MNST said it will buy American Fruits & Flavors (AFF) for $690MM. Upon closing the transaction, $MNST will buy about $87MM of adjusted operating income for 12 months ended Dec. 31, 2015. The transaction is expected to close in 1Q16. The acquistion is expected to add to $MNST's earnings during 2016.
$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?