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Asset management firm $LM said it will acquire an 83% ownership stake in Clarion Partners, a New York-based real estate investment firm for $585MM. $LM will also pay for its portion of certain co-investments on a dollar for dollar basis, estimated at $16MM as of Dec. 31, 2015. The deal is expected to close in the second calendar quarter of 2016.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.