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Energy company $DVN said it will acquire 80,000 net surface acres in the Anadarko Basin STACK play from Felix Energy, a portfolio company of EnCap Investments, for $1.9Bil and 253,000 net acres in the Powder River Basin for $600MM in separate transactions. They will be funded with about $1.35Bil of equity and about $1.15Bil of cash and borrowings.
$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?