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$MAR said after the amended merger agreement, $HOT's BoD has decided that the proposal from the consortium, consisting of Anbang Insurance, J.C. Flowers and Primavera Capital, is no longer a superior proposal. Under the merger agreement, $HOT is therefore no longer allowed to negotiate with or provide confidential information to the consortium.
$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?