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$POST said Michael Foods Group's adjusted EBITDA was $121.9MM and benefited from the acquisition of Willamette Egg Farms, increased profitability per pound of egg and cheese and higher volumes in pasta. While total advertising and promotion (A&P) expenses were lower for the segment, the company made incremental investments in retail potato A&P.
$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.