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$AVP said it aims to use $100MM of the proceeds from the stake sale to partially offset the transferred liabilities while approx. $250MM may be used to manage debt. The remaining part, along with the benefit of the dividend suspension, will be used for restructuring and reinvesting purposes. $AVP also maintained its FY2015 outlook.
$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?