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$FLS, a maker of pumps, valves and seals, said that the company had now combined its $350MM accelerated manufacturing optimization strategy, which was announced in 4Q15 and the nearly completed $50MM SIHI realignment effort into a single initiative. $FLS expects to generate $230MM in annualized cost reductions, once completed at the end of 2017.
$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?