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$SVU to sell its discount chain Save-A-Lot to Canada's Onex for $1.36Bil. $SVU expects to use the net proceeds from the sale to prepay at least $750MM against its outstanding term loan balance. The company intends to use the remaining net sale proceeds to further reduce debt. Barclays Capital & Greenhill & Co acted as financial advisors to $SVU.
$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?