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$STZ, which competes with $BUD, said its plans to execute an IPO for a portion of the Canadian wine business; and if completed, the proceeds are expected to be used to manage debt and other capital allocation priorities. Meiomi wine brand delivered depletion growth of approx. 60% in FY16, helping in margin expansion for wine and spirits business.
$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?