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Food company $KHC said that its 4Q15 European pro forma net sales fell 14.4% to $640MM vs. 4Q14, hurt by a negative 7.8 percentage point impact from currency and a negative 4.2 percentage point impact from divestitures. Rest of World pro forma net sales fell 16.6% to $770MM and volume/mix rose 6.4 percentage points in 4Q15 due to growth in sauces.
$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?