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$STZ is increasing production capability from 20MM to 25MM hectoliters in its beer business. Also, now targeting EBIT growth for the beer business in the 15-18% range, driving enhanced operating margin of approx. 34% in FY16 vs. previous estimate of 33%. $STZ is on track to bring the first 5MM hectoliters of capacity online at Nava by CY16 end.
$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?