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During 3Q15, $JWN sold its credit card portfolio to TD Bank U.S.A., N.A. for $2.2Bil. The company is deploying net proceeds of $1.8Bil, after $325MM in debt reduction and transaction costs, directly to shareholders consistent with its balanced capital allocation approach.
$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?