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$PVH said the joint venture will be formed by merging its unit PVH Mexico with Baseco, a wholly owned subsidiary of Axo and a distributor in Mexico of PVHâ??s Tommy Hilfiger brand products. The closing is expected to occur early in 3Q16. Terms of JV were not disclosed. $PVH expects this transaction to be neutral to its 2016 non-GAAP earnings.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.