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$PG said it is on track to close the deal with Coty in Oct. 2016. By the end of FY16, the company said it would exit 105 brands, which represent about 6% of base period profit. $PG said on guidance, the company expects FY17 all-in sales growth of about 1%, including a 1 point drag on growth from the net impact of FX and divestitures.
$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?