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$BWA 2Q15 Call: Debt increased by $464MM at end of 2Q15 compared with end of 2014. Cash increased by $310MM during same period. The $154 MM increase in net debt was primarily due to CapEx, dividend payments to shareholders & share repurchases. Our net debt-to-capital ratio was 15.6%. Net debt to EBITDA on trailing 12-month was 0.5 times.
$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?