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In Jan. 2016 $TXN announced its intention to phase out a small, older manufacturing facility in Greenock, Scotland, over the next three years. $TXN plans to move production from this facility to more cost-effective 200-mm TI manufacturing facilities in Germany, Japan and Maine, resulting in annualized savings of about $35MM per 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?