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Packaged foods company $CAG announced its intent to separate into two independent public companies Conagra Brands, Inc., which deals with consumer brands and Lamb Weston, which deals with frozen potato products. The deal is expected to be completed in the fall of 2016 after which $CAG shareholders will own shares of both independent companies.
$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?