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$EMR affirmed 2016 adjusted EPS guidance of about $3.05-3.25, which excludes estimated separation expenses of about $250-350MM related to planned spinoff of Network Power and potential divestitures of Motors and Drives and Power Generation businesses. As result of lower separation costs, reported EPS are expected to be about $2.55-2.90.
$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?