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Jeffrey Bernstein of Barclays asks about $YUM's cash return. CFO David Gibbs replied that the company has repurchased shares YTD and the stock is priced attractively for continued share buybacks. He added that there are also other options like special dividends and tender offers, but the company's intent is to return that cash in 2016.
$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?