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$LII expects 3Q16 tax rate to be approx. 32% and 4Q16 tax rate to be approx. 34%. Looking beyond 2016 to future years, $LII expects approx. 32% effective tax rate. The free cash flow target will be $200MM for 2016. FX is expected to be a $10MM headwind for the year. $LII expects a $45MM benefit from commodities and price combined.
$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?