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For the three months ended March 31, 2016, $SEE's cost of sales was impacted by favorable foreign currency translation of $74MM. On a constant dollar basis, cost of sales decreased 2%, primarily due to the divestiture of the North American foam trays and absorbent pads business and European food trays business of $53MM.
$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?