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$SJM said that the company is on track to achieve $35MM in synergies for the full year. Amortization expense rose $27MM in 3Q16 due to the Big Heart Pet Brands acquisition. The gain in operating income was partially offset below the line by higher interest expense and an increase in number of shares outstanding related to the Big Heart acquisition.
$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.