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$MAS said that exiting the low-margin direct-to-builder business in the Carolinas and kitchen countertop product categories will negatively impact Cabinetry Products segment's topline by about $60MM for the full-year. On a quarterly basis, the revenue impact will be about $15MM for each 2Q, 3Q and 4Q.
$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?