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Operator of family-style restaurants $BOBE said that in 1Q17, it incurred costs of approx. $0.5MM that's excluded from GAAP results. This was mainly related to costs arising from restaurant closures, partially offset by a reduction in litigation reserves resulting from a legal settlement. Cash balance at 1Q17-end was $4.4MM vs. $6.1MM at 1Q16-end.
$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?