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Media company $NWS said it has settled a class action lawsuit alleging various antitrust claims from past operations at its News America Marketing division. As per settlement terms, company will pay about $250MM and the pending litigation will be dismissed, subject to court approval. Also, $NWS will pay about $30MM to resolve related claims.
$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?