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$PG 4Q15 Call: FY16 core effective tax rate expectation about 24%, about 3 points higher than FY15 rate mainly due to lower benefits from audit resolutions. PG will retire shares at a value of approx. $8-9Bil through combination of direct share repurchase and shares that will be exchanged in Duracell transaction, which is to close in calendar 1Q16.
$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?