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$BK 2Q15 Q&A: Montgomery of Bernstein Research asked about the T Rowe deal. Gerald said that the company has already started to incur some of the expenses associated with T Rowe. There are some upfront costs associated with staff onboarding in that business and revenues will kick in towards the end of 2015, first part of 2016.
$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?