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$LOW said that in May 2016 it entered into a $500MM accelerated share repurchase agreement. The company expects to receive approx. 6.3MM shares, but the ultimate number of shares will be determined upon the completion of the program in 3Q16. $LOW repurchased approx. 8.9MM shares for $700MM through the open market.
$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?