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During 4Q15, $MDLZ and JDE concluded the negotiations of a sales price adjustment and completed the valuation of the company's investment in JDE. Related to the negotiated resolution of the sales price adjustment, $MDLZ recorded a $313MM reduction in the pre-tax gain on the coffee transaction, resulting in a final gain of $6.8Bil for 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?