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$CTAS's Uniform Rental & Facility Services segment 1Q16 revenue was $938MM, an increase of 7.4% vs. 1Q15. Organic growth which excludes the impact of acquisitions, workday differences & FX exchange rate changes was 6.8% vs. 6.2% in 4Q15. The segment GM came in at 44.7% an increase of 1.8% from 1Q15 & energy-related costs were 70BPs lower than 1Q15.
$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?