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For 1Q17, $CREE generated $18MM of cash from combined operations and spent $21MM for combined CapEx, which yielded negative free cash flow of $3MM. The $21MM spent on combined CapEx includes $10MM spent for Wolfspeed. The company spent $36MM to repurchase 1.5MM shares at approx. $3MM for the year one earn-out achieved from the APEI acquisition.
$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?