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$MEG shareholders would own 50.2% and $MDP shareholders, who would receive 2.8244 shares of Meredith Media General for each share of $MDP, would own 49.8%, of fully-diluted shares of Meredith Media General. $MDP shareholders would receive $14.95 per $MDP share in cash at closing for total cash proceeds of about $685MM.
$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?