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$FOSL said for 1Q16 it generated operating cash flow of $35MM and drew down a net $14MM on its revolver. The company invested $20MM in CapEx and $4MM in its share repurchase program and expects share repurchases this year to be minimal. $FOSL ended 1Q16 with roughly $307MM in cash versus $237MM last year and debt of $823MM versus $643MM a year ago.
$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?