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Bryan Spillane of Bank of America/Merrill Lynch asks about $CAG's savings. CFO John Gehring said for FY16, $CAG was north of about $50MM. Moving into FY17 and FY18, $CAG would expect to see the lion's share of the $200MM in SG&A savings. $CAG expects a rampup in SG&A savings going through FY17.
$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?