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Norcross, Georgia-based $WRK said it made progress on the achievement of its synergy and performance improvement goals by realizing $350MM in annual run-rate savings as of the end of 2Q16. The company expects to be at an annualized run rate of $450-500MM by the end of 2016. In addition, $WRK maintains its 2016 free cash flow guidance of $0.95-1Bil.
$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?