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During 4Q15, in relation to Vantiv, $FITB sold approx. 8MM shares, sold or settled two-thirds of the warrants and sold a portion of future TRA payments which yielded nearly $0.5Bil of value. In 2015, $FITB returned 42% of earnings via share buybacks which reduced share count by 39MM shares. The Vantiv proceeds were used to purchase 9.25MM shares.
$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?