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For the year ended December 31, 2015, $GGP's base minimum rents decreased by $96.1MM and tenant recoveries decreased $49.9MM. Overage rents fell $7.6MM while management fees and other corporate revenues rose $15.7MM. Other revenue grew $12.2MM primarily due to the sale of air rights at Ala Moana Center resulting in a $25MM gain on sale in 2015.
$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?