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$UNFI's 4Q16 GM came in at 15.6%, up 25 BP over 4Q15, driven by acquisitions. Excluding acquisitions, GM would have been down for the quarter, as the company continues to face competitive pricing pressure, moderated supplier promotional activity and reduction in fuel surcharges. Total fuel cost fell 15 BP as a percent of net sales vs. 4Q15.
$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?