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As part of the strategic transformation plans, $YUM plans to reduce its annual capital expenditures to about $100MM in 2019 from about $500MM in 2015. The company also expanded its plan to return capital to shareholders and now expects to return $13.5Bil between 4Q15 and 2019.
$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?