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$KSS 2Q15 Call: We also extended our average debt maturity by more than 3.5 years to a little over 13 years. We’ve no debt maturing until 2021, & our weighted average cost of debt is 4.88%. In conjunction with refinancing, we incurred a loss of approx. $170MM, & $131MM was recognized in 2Q15. We expect another $39MM to be recognized in 3Q15.
$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?