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In Oct., $EL's officers approved plans to transform and modernize global technology infrastructure or GTI as well as it will transition GTI to primarily vendor-owned model. $EL expects this initiatives, which will continue through CY16, to result in related restructuring and other charges of about $40-50MM, consisting of non-cash asset write-offs.
$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.