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Citigroup analyst David Driscoll questions about upside potential for synergies in the year. $SJM says that it put out $100MM and will bring it up to $140MM in total. There is some upside, some of which is the timing. The company is very confident on the $200MM by the end of FY18 and that is expected to pick up a little pace during the year.
$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?