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$CAG said it plans to separate into two independent pure play companies, Conagra Brands and Lamb Weston. The transaction is expected to be structured as spin-off of Lamb Weston business, tax free to $CAG and its shareholders, in the fall of CY16. Prior to spin-off, each company will host investor events to outline financial goals and priorities.
$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?