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$WDC, which acquired $SNDK in Oct. 2015, said that with regard to $SNDK acquisition, it would realize $400MM of operating expense savings. The company also said that it would achieve additional meaningful savings from the reduction in cost of goods sold. These savings would be obtained over one to two years period.
$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?