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Freight company $ARCB said its subsidiary, ABF Logistics, has acquired Logistics & Distribution Services (LDS), effective Sept. 2, for $17MM in cash paid at closing and $8MM to be paid on achieving some financial targets over next 2 years. Ross Kline, Founder and CEO of LDS, will lead the new ABF Logistics branches in Sparks and Allentown.
$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?