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$KORS 1Q16 Call: At 1Q16-end, cash and cash equivalents were $808.5MM compared to $1.1Bil last year. There were no outstanding borrowings under credit facility in either year. During 1Q16, KORS repurchased approx. 7MM shares totaling $350MM, bringing total repurchase to date to approx. 13.8MM shares totaling $841.9MM of the $1.5Bil authorization.
$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?