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During 1H15, $BSX recorded pension termination charges of $8MM related to the termination of the Guidant Retirement Plan, a frozen defined benefit plan. During 4Q15, $BSX expects to finalize the termination process and settle the majority of the plan's obligations, and record an estimated charge of approx. $50MM in accordance with US GAAP.
$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?