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$CAG, which owns brands like Reddi-wip, Slim Jim and RO*TEL, said that it has agreed to sell the company's Spicetec Flavors & Seasonings business to Givaudan for approximately $340MM. The deal is expected to close in approximately 60-90 days. $CAG's 280 employees and its facilities in Cranbury and Carol Stream will be transitioned to Givaudan.
$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?