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$LHO said it agreed to sell Indianapolis Marriott Downtown to affiliates of White Lodging Services Corp. and REI Investments for $165MM. The company acquired the hotel in Feb. 2004 for $106MM. $LHO expects the transaction to close early in 3Q16. Proceeds will be used to reduce borrowings on senior unsecured credit facility.
$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?