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$ITRI reported lower 2Q16 free cash flow versus 2Q15, mainly due to some special one-time payments on taxes and prepayments on software programs. A one-time payment for settlement of the TransData litigation will be reflected in 3Q16 free cash flow. Company ended 2Q16 with $132MM in cash and $216MM in net debt.
$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?