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$YUM entered into agreements with Primavera Capital Group and Ant Financial Services Group to invest a total of $460MM in Yum China, concurrent with the completion of Yum China's spinoff from Yum! Brands. Under the terms of the agreements, Primavera and Ant Financial will invest $410MM and $50MM, respectively, in Yum China.
$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?