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$ITW said it recently announced the acquisition of the Engineered Fasteners and Components business from ZF TRW for $450MM. Approx. 70% of the purchase price will be funded with non-US cash and the company expects the acquisition to generate returns on capital in the 16-20% range by year seven.
$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?