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In 3Q16, $MDT generated $1.8Bil in free cash flow and expects to generate nearly $40Bil in adjusted free cash flow over the next five years. The company is executing an incremental $5MM of share repurchase that it intends to complete by end FY18. $MDT intends to use a majority of the remaining proceeds to prepay existing debt.
$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?