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$SCL said its unit in Brazil has agreed with Tebras Tensoativos do Brazil to acquire their commercial business and with PBC Industria Quimica to acquire their sulfonation production facility. The combined entities have annual sales of about $32MM, and 25,000 metric tons of sulfonation capacity. The deal is likely to close in 4Q16.
$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?