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Food and beverage company $KHC reported net income of $896MM or $0.73 per share in 1Q16. GAAP diluted EPS increased 204% in 1Q16. Adjusted EPS increased 37.7% to $0.73. GAAP net sales were $6.5Bil, up 165% due to the merger of Kraft and Heinz.
$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?