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At March 31, 2016, $LM's cash position was $1.3Bil and total debt was $1.8Bil. During 4Q16, the company said that it completed additional open market purchases of 776,000 shares which reduced the weighted average shares by 21,000. $LM's BoD declared a cash dividend on common stock in the amount of $0.22 per share.
$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?