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$SCL said that the total remaining costs associated with the Longford Mills plant shutdown are expected to be $8MM. Severance and plant shutdown expenses are estimated to be $1MM and $3MM, respectively. Excluding these charges, $SCL expects to recognize net pre-tax manufacturing savings of less than $1MM in 2016 increasing to $3MM in 2018.
$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?