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During FY16, $TEL initiated a restructuring program associated with headcount reductions and product line closures impacting all segments. During 1Q16, $TEL recorded restructuring charges of $32MM. $TEL expects to close all restructuring actions commenced in 1Q16 by end of FY19 and to incur charges of about $65MM.
$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?