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$SJM 1Q16 Call: Net sales increased 47% to nearly $2Bil, driven by addition of Big Heart Pet Brands, & strong first quarter for Coffee. Excluding acquisitions and foreign exchange, sales grew 6%. May 1st launch of Dunkin' Donuts (R) K-Cup (R) in U.S. retail channels has exceeded our initial expectations, and drove large portion of the increase.
$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?