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Laser solutions supplier $COHR and $RSTI, laser-based components developer, said their BoDs have approved a deal by which $COHR will acquire $RSTI for $32.50 per share or about $942MM. $COHR intends to finance the deal through cash on hand and fully committed debt financing from Barclays. Transaction is expected to close in 6-9 months.
$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?