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$SYY 4Q15 Call: Gross profit in 4Q15 was $2.2Bil, a YoverY increase of 3%, and gross margin expanded by 35 BP to 17.9% vs. 2Q14. YoverY sales growth decelerated to 9%. In 4Q15, the company generated case growth of 3.6% in Broadline business. Case growth for corporate managed customers remained strong.
$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?