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$K acquires Mass Food Group, Egyptian cereal maker, for approx. $50MM. $K to finance the transaction with cash on hand. The transaction is not expected to have a material impact on $K's annual operating profit and net earnings in 2015. "We're delighted to welcome Mass Food Group to the $K family," said Bryant, CEO of $K.
$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?