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$MAT's SG&A was down in 3Q15 vs. the prior year on both the reported and adjusted basis. $MAT continues to aggressively reduce overhead costs coupled with synergies from its MEGA Brands acquisition and balance was strategic investments in growth. $MAT delivered $45MM in overall gross savings in 3Q15 and $93MM YTD.
$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?