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$DRI said FY16 segment profit includes the incremental rent and other tax expense associated with the real estate transactions, whereas FY15 did not include these costs. In total, these costs were $30MM for 4Q16. The benefits of lower depreciation and interest savings, which were $27MM, are not recognized in segment profit.
$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?