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In 3Q15, $BAX recorded gross business optimization charges of $105MM, of which $74MM relates to severance & employee-related costs from the global workforce reduction program. The objective of this business optimization is to ensure operational efficiently and $BAX expects savings from these charges of approx. $0.10 per diluted share through 2016.
$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?