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$SYMC announced a target of $400MM in cost reductions to be achieved over the next two years. Over the next 18 months, $SYMC plans to eliminate $130MM of TSAs and stranded costs resulting from the sale of Veritas. $SYMC will return $5Bil in additional capital to shareholders by the end of March 2017.
$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?