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$CMA expects its GEAR Up efficiency and revenue initiative to drive pretax income of approx. $180MM in 2017 and $270MM in 2018. Total restructuring charges are estimated to be $140-160MM. The company is consolidating 38 banking centers or about 8% of its network. $CMA expects these consolidations to result in $10-13MM per annum in savings.
$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?