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$GRMN said it generated free cash flow of $135MM during 2Q16, a $71MM increase versus 2Q15. During 2Q16, the company paid dividends of approx. $97MM, repurchased about $25MM of company stock with approx. $123MM remaining for purchase through Dec. 2016. $GRMN added that it anticipates a full year 2016 tax rate of approx. 19.5%.
$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?