Want to join the conversation?
$HAFC, a bank holding company of Hanmi Bank, said that it has decided to withdraw its proposed merger with $BBCN following the announcement of inferior agreement between $BBCN & $WIBC. $HAFC also considered a $40MM break-up fee provision in the $WIBC agreement, which would increase the cost by approx. $0.50 per share to combine with $BBCN.
$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.