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$ETFC intends to finance the transaction through the issuance of up to $400MM of non-cumulative perpetual preferred stock, with the balance paid in cash. $ETFC expects the transaction to be relatively neutral to earnings in 2017 and accretive in 2018, when full run-rate synergies of approx. $65MM annually are expected.
$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?