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$HOT said its acquisition of rival Marriott is expected to close in the coming weeks. Excluding the transaction costs, $HOT expects FY owned earnings to get hurt by approx. $46MM due to asset sales completed in 2015 and 2016. $HOT said it also expects additional negative impact of about $20MM due to lost earnings from the five hotels it disposed.
$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?