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On Sept. 30, 2015, $RAI announced that certain of its operating companies are consolidating manufacturing operations for the VUSE Digital Vapor Cigarette, which will generate manufacturing and cost efficiencies. As a result of this consolidation, pre-tax asset impairment and exit charges of $99MM were recorded in the third quarter of 2015.
$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?