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Alexia Howard of Bernstein asks about the $5MM in acquisition related costs on a YoverY basis and if this cost would be non-recurring in 3Q16. $MKC said this cost is specifically attached to the activity around the Premier Foods and that this doesn't occur every quarter. So the $5MM incremental is something that's unique given the size of the deal.
$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?