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$CAG said it has reached agreements to sell its Spicetec Flavors & Seasonings and JM Swank businesses, which are part of Commercial Foods. The company will receive combined proceeds from these sales of approx. $480MM. $CAG expects to utilize the proceeds from these divestitures in capital allocation, including debt reduction and acquisitions.
$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?