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Robert Moskow from Credit Suisse asks about drivers of synergies for FY17. $TSN said the biggest factor so far has been operational improvements in the legacy Tyson prepared foods business. Moving forward, procurement synergies will become a larger component and the synergy capture will move more from the operational into the procurement component.
$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?