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Mountain Dew, Gatorade and Naked Juice maker $PEP incurred restructuring charges of $25MM in 1Q16 in conjunction with its 2014 productivity plan. All of these net charges were recorded in selling, general and administrative expenses. The majority of the restructuring accrual at March 19 is expected to be paid by the end of 2016.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.