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$NWL said the combined company, Newell Brands, will realize cost savings of about $500MM over the next four years. Newell Brands will be led by $NWL's CEO Michael Polk and $JAH's Founder and Executive Chairman Martin Franklin will join Newell Brands BoD. The transaction will be funded by cash on hand, debt and equity issued to $JAH shareholders.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.