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$GIS reported that on March 16, 2016, it sold its General Mills de Venezuela CA subsidiary to a third party and exited its business in Venezuela. Company expects to incur a non-cash charge of about $35MM pretax in 4Q16 related to this sale. The transaction is not expected to have a material impact on $GIS' financial results.
$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?