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For 1Q16, $SWK recognized net restructuring charges of $8MM, reflecting $3.7MM of net severance charges associated with the reduction of about 297 employees. Company also recognized $4.3MM of asset impairments. Most of the $45MM of reserves remaining as of April 2 is expected to be utilized within next 12 months.
$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?