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In 1Q16, $MMM purchased $1.227Bil of its stock. As of March 31, about $9.6Bil was available under the Feb. 2016 authorization. $MMM expects to purchase $4-6Bil of stock in 2016. $MMM expects to contribute $200-400MM to its defined benefit pension and postretirement plans in 2016 and expects the expense to fall by about $320MM pre-tax versus 2015.
$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?