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$CAG expects restructuring plan to provide a modest benefit to FY16 earnings. More than half the savings are expected to be realized by end of FY17 with balance achieved in FY18. Cost savings of about $200MM are expected to be derived from a combination of lower headcount and non-headcount costs.
$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?