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$ADM said its trailing four-quarter average adjusted return on invested capital (ROIC) of 6.3% is 30 BPs below its 2016 annual weighted average cost of capital of 6.6%. For 2016, ROIC is expected to be in excess of cost of capital despite the challenging operating environment that is likely to persist for the majority of the year.
$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?