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$OI, which competes with $BLL, said that interest expense was higher due to the incremental debt associated with the acquisition. The company's effective tax rate was 31% for 4Q15 mainly due to the acquisition. Earnings were about 25% higher than prior year, excluding the impact of currency headwinds.
$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?