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$CTAS has decided to extend the SAP system into its distribution network and expand its e-commerce capabilities. $CTAS anticipates that these extensions will be a capital investment of around $40MM over the next year. The company estimates the investment in SAP will result in $30-35MM of expense in FY17 and $45-50MM of expense in FY18.
$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?