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$FCPT announced acquisition of two Arby's restaurants in Roanoke Rapids and Rocky Mount, North Carolina for $3.5MM. $FCPT funded acquisition with cash on hand. The restaurants are occupied under triple-net lease with about 18 years of remaining term, and transaction closed at going-in cash cap rate of 6.6%, exclusive of transaction costs.
$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?