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$MAR expects to achieve $250MM in annual cost synergies within 2 years after closing, up from $200MM expected in Nov. 2015. Company expects the deal to be roughly neutral to adjusted EPS in 2017 and 2018. Merger is expected to close in mid-2016.
$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?