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In April 2016, $ABT obtained a commitment for a 364-day senior unsecured bridge term loan facility for an amount not to exceed $17.2Bil in conjunction with its pending acquisition of $STJ. While $ABT plans to fund the cash portion of this deal with anticipated medium and long-term borrowings, the bridge facility will provide back-up financing.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.