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$HRL reported dividends received from affiliates of $5MM during 1Q16. The company recognized a basis difference of $21.3MM related to the formation of MegaMex Foods, LLC. Of this amount, $15.9MM is remaining as of Jan. 24, 2016. This difference is being amortized through equity in earnings of affiliates.
$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?