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$ADI said it agreed to buy $LLTC in a cash and stock transaction for about $60 per share, representing an equity value for $LLTC of about $14.8Bil. $LLTC shareholders will get $46 per share in cash and 0.2321 of a share of $ADI common stock for each share of $LLTC they hold at closing of the transaction, which is expected by end of calendar 1H17.
$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?