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Cable company $CHTR said the Department of Justice has given approval to complete its $78Bil acquisition of Time Warner Cable Inc. and the related $10.4Bil acquisition of Bright House Networks LLC. The settlement forbids the merged company, New Charter, from striking agreements that make it difficult for streaming services to obtain content.
$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?