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$POST said it continues to have interest rate swaps with an aggregate notional amount of $1.6Bil in place to hedge a portion of the interest rate exposure related to reach future refinancing of its fixed-rate debt. During 3Q16, company incurred a noncash mark-to-market loss on these swaps of $62.6MM, as long-term interest rates fell significantly.
$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?