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$DVN said it agreed to sell its assets in the southern Midland Basin for $423MM. Current production from these assets is about 22,000 Boe per day, of which 33% was oil. At Dec. 31, 2015, proved reserves associated with these properties totaled 43MM Boe. Field-level cash flow accompanying these assets amounted to $13MM in 1Q16.
$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.