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During FY15, $ADI realized approx. $88.3MM of amortization expense within operating expense. Approx. $87.8MM of this expense related to $665.5MM of amortizable intangible assets acquired as a result of the Hittite Microwave Corp. acquisition. These intangible assets are being amortized on a straight-line basis over their estimated useful lives.
$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?