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With respect to the merger transaction, $DD and $DOW said their stockholders voted to approve all proposals necessary to close the merger of equals transaction. This is a key milestone in the process to merge the two companies and subsequently pursue intended spins of 3 highly focused, independent companies. The merger is likely to close in 2H16.
$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?