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$STZ 1Q16 Call – Robert, CEO: This morning we’re excited to announce STZ‘s planned purchase of the Meiomi wine brand for approx. $315MM; transaction expected to be accretive for fiscal 2016. In FY14, Meiomi generated $65MM in net sales with operating profit margin profile that significantly exceeds margin rate of our overall Wine & Spirits.
$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?