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$DVN sees to incur about $225-275MM of restructuring costs as result of workforce reduction. $DVN expects to recognize the majority of these restructuring costs in 1Q16 and will recognize the remaining costs throughout 2016 until its planned divestiture transactions have closed and further workforce reductions occur.
$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?