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$GIS notified the Joplin, Missouri facility employees in 1Q16 of its decision to close this plant in its US Retail supply chain. This action will affect about 120 positions, and $GIS expects to incur about $12MM of net expenses, of which approx. $5MM will be cash. $GIS expects this action to be completed by the end of FY18.
$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?