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Brian Drab of William Blair asks for a clarification on the $20-25MM in savings. $CLC said the $20-25MM is the financial impact for FY16. The run rate will be slightly higher than this. The primary component is headcount reduction which will contribute about $15MM of the $20-25MM range.
$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?