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Automotive replacement parts distributor $GPC said its Office Products Group, S.P. Richards Company, has entered into an agreement to acquire The Safety Zone LLC. The transaction is expected to close on June 1, 2016, and is subject to customary conditions. The addition of Safety Zone is expected to generate annual revenues of approx. $180MM.
$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?