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As of end 2Q16, $MU had repurchased 49MM shares for $956MM and in 1H16 it repurchased 7MM shares for $125MM. On April 8, $MU initiated a syndication process for a new term loan B credit facility, expected to be $500MM with a maturity of 6 years. Company said it may consider concurrent issuance of up to $1Bil of senior notes.
$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?