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$SPLS and $ODP said they would sell more than $550MM in their large corporate contract business and related assets to Illinois-based office supplier $ESND. Essendant will pay Staples approx. $22.5MM. "We're pleased to reach this agreement with Essendant as we continue to work to complete the acquisition of Office Depot," said $SPLS CEO Ron Sargent.
$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?