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$MAR expects to maintain an investment grade credit rating after the merger and expects to reach targeted leverage of 3.00x to 3.25x adjusted debt to adjusted EBITDAR by end 2016. One-time transaction cost for the $HOT merger is expected to be $100-130MM and is expected to be incurred over next 2 years.
$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?