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$ETN's restructuring charges related to reducing company's cost structure and gain efficiencies in all business segments & at corporate was $63MM in 1Q16, mainly comprising of severance costs. $ETN expects its restructuring charges to be $140MM in the current year & $130MM in 2017, with projected annualized saving of $418MM, fully realized in 2018.
$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?