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$STL said the transaction is expected to add to EPS in 2016 and 2017, has an estimated internal rate of return exceeding 20% and a tangible book value earn-back period within 2.5 years. $STL will buy client relationships with over $330MM in loan outstandings as of March 31, 2016, doubling its existing asset-based lending loan portfolio.
$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.