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$MAA said the company has entered into an agreement to buy $PSS, creating a Sunbelt-focused, publicly traded, multifamily REIT. The combined company is expected to have a pro forma equity market capitalization of approx. $12Bil and a total market capitalization of approx. $17Bil. $MAA expects the transaction to close during 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?