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$RL said it expects to incur restructuring charges of up to $400MM as a result of FY17 restructuring activities and up to a $150MM inventory charge associated with the reduction of inventory out of current liquidation channels in line with its Way Forward Plan. These charges are expected to be substantially realized by the end of FY17.
$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?