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Electrical products provider $ETN said 1Q16 was slightly ahead of original expectations coming in at the upper half of the range. Margins were in line with guidance. Excluding restructuring costs, margins were 15.1%. Cash flow was $371MM in 1Q16.
$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?