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Along with the return of capital plan, $CDK also said it entered into an accelerated share repurchase agreement to buy back $250MM of its share. $CDK expects to complete the process within six months after its execution. The plan will be funded by the new $250MM term loan and cash.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.