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Offshore energy market fall has had a negative effect on $TDW's vessel revenue and other metrics. So in future quarters, company may stop being compliant with interest coverage ratios in some debt facilities and senior note indentures. $TDW is in talks with lenders and holders to revise and/or waiver covenants before such defaults occur.
$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?