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$UFPI said it does not expect the merger with idX Holdings to contribute significantly to profitability for the remainder of 2016, due to the seasonality of idX's business. The company currently targets $25-28MM in EBITDA with approximately $6MM in depreciation and amortization for 2017.
$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?