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$TSN said positioning Jimmy Dean brand in the baking category is a good revenue synergy that came from the integration of $TSN and Hillshire. $TSN raised its synergy estimates for FY16 to more than $500MM and for FY17 to more than $700MM. Additional synergies will allow $TSN to invest in innovation, new product launches and brand strengthening.
$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?