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Real estate funds managed by DRA Advisors LLC have agreed to acquire $IRC in a deal valued at about $2.3Bil, including the assumption of existing debt. Under the terms of the agreement, funds managed by DRA will acquire all issued & outstanding common stock of $IRC for $10.60 per share in cash. Upon closing, $IRC will become a privately-held REIT.
$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?