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In Oct., 2015 $YUM said it intends to separate its China business into an independent, publicly-traded company by 2016-end. This transaction, which will be a tax-free spin-off of the China business, will create two independent companies. The new entity will become a licensee of $YUM in mainland China, with rights to KFC, Pizza Hut and Taco Bell.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.