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In April 2015, the US pension plan completed the purchase of group annuity contracts that transferred the pension benefit obligations to two insurance companies totaling $2.5Bil for approx. 21,000 $KMB retirees in the US. Due to these changes, $KMB recognized charges related to pension settlements of $0.8Bil after tax during year-to-date 2015.
$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?