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$DOV said it agreed to acquire Wayne Fueling Systems, owned by Riverstone Holdings, for $780MM. Upon close of the transaction, Dover's annualized retail fueling revenue will be $1.4Bil after the deal, the company said. Annual revenue for Wayne in 2016 is estimated to be approx. $550MM. The deal is expected to close in the second half of 2016.
$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?