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Defense contractor $LLL agreed to sell its National Security Solutions (NSS) business to $CACI for $550MM in cash. The transaction is expected to close in 1Q16. $LLL's CEO Michael Strianese said the sale of its NSS unit will allow $LLL to sharpen its focus on its more profitable defense electronics, communications and ISR businesses.
$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.