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$TMK expects free cash flow in FY16 to be $320-330MM, lower than recent years due to lower distributable statutory earnings at subsidiaries in FY15. Cash and liquid assets are expected to be $366-376MM. $TMK expects excess investment income to grow about 1-3%, and at the mid-point of the outlook company expects a drag from Part D of about $8-9MM.
$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?