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On April 5, 2016, $LEG reached a settlement of its antitrust claims against The Dow Chemical Company, by agreeing to release its claims regarding this matter for a net cash payment to the company of approx. $38MM. In 2Q16, $LEG expects to receive payment and record after-tax income of approx. $25MM related to this matter.
$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?