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On March 23, 2015, the acquisition of Big Heart was completed and $SJM expects to incur about $225MM in one-time costs related to the acquisition, mainly over the next three years, with approx. one-half expected to be recognized in 2016. $SJM has incurred costs of $60.8MM related to the integration of Big Heart, including $24.8MM in 1Q16.
$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?