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$ANF stated that it extended its brand reach through its second major franchise partnership to establish retail store presence in Saudi Arabia, Qatar, Bahrain & Oman. The company expects to open the first stores in Qatar in 1Q17 & in Saudi Arabia in 2H17. During 1Q16, $ANF continued to shift to the higher margin, made-for-outlet merchandise model.
$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?