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$JW.A $JW.B said that during 4Q16, it completed the outsourcing of its US book distribution operation to Cengage representing a shift towards more variable cost model for print products. Restructuring charges were $8MM with most of it related to real estate liabilities related to closure of US distribution facility in Somerset, New Jersey.
$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?