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$CB's property and casualty combined ratio for 2Q16 was 91.2%. Book value and tangible book value per share increased 2.7% and 6.1% from March 31, 2016 and now stands at $101.56 and $57.14. The book value per share were favorably impacted by unrealized gains in its investment portfolio in 2Q16 of $706MM, after-tax.
$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?