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$TECD agreed to buy Technology Solutions business from $AVT. $TECD plans to finance $2.4Bil cash portion of consideration through combination of cash on hand, drawings under its existing revolver, and proceeds from a new term loan facility and senior notes. This is backstopped by fully-committed debt financing from BofA Merrill Lynch.
$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?