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On Jan. 1, 2016, $KORS acquired direct control of its previously licensed business in South Korea upon the related license expiration. The company acquired certain net assets from its former licensee in exchange for cash consideration of approx. $3.6MM. The company will consolidate the South Korean business into its operations beginning with 4Q16.
$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?