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Renesas will pay $22.50 per share for all $ISIL shares outstanding, a premium of about 43.9% over Aug. 19. Renesas will finance the deal with cash-on-hand, and expects to generate synergies of $170MM. Deal is expected to immediately increase both gross and operating margins, and add to Renesas' non-GAAP EPS and free cash flow after closing.
$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.