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$BBY expects to incur total pre-tax charges of $200-280MM related to consolidation of the Future Shop and Best Buy stores and websites in Canada. The total charges include about $140-180MM of cash charges. $BBY expects to substantially complete this activity in FY16 with the exception of lease payments for vacated stores.
$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?