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With regard to cost savings initiatives due to integration of WD and HGST subsidiaries, $WDC expects to achieve total savings of $800MM on an annualized basis by end 2017 versus $650MM estimated previously. OpEx savings is expected to be $450MM, of which two-third will occur by end 2016 and balance by end 2017.
$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?