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Secure and sensor processing subsystems provider $MRCY said it has agreed to buy the embedded security, RF and Microwave, and custom microelectronics businesses of $MSCC for $300MM. The deal is now expected to close during $MRCY's 4Q16. The transaction is expected to add to FY17 adjusted EPS and adjusted EBITDA margin of $MRCY.
$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?