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$TKR said it has acquired Lovejoy, a manufacturer of premium industrial couplings and universal joints, for about $66MM. For the 12 months ending March 31, 2016, Lovejoy sales were about $56MM. $TKR expects the acquisition to add to its earnings in the first year of ownership, excluding one-time transaction costs.
$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?