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$ITW, which completed the EF&C acquisition recently, said that EPS will not have any impact in 2016 due to typical acquisition accounting related impact. EF&C acquisition will add to EPS in 2017. The company expects to generate after-tax returns in the mid-to-high teens percentage by year seven. For 3Q16, $ITW expects GAAP EPS to be $1.42-1.52.
$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?