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Uniform maker $CTAS reported higher 2Q16 results, helped by divesture of its investment in Shred-it International and top-line growth. $CTAS said net income rose 187% to $345.1MM, or $3.06 per share, and revenue rose 8.5% to $1.22Bil. Organic revenue growth, which adjusts for the impacts of acquisitions and FX rate fluctuations, was 6.5%.
$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?