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$IR said it posted strong year-to-date free cash flow of $348MM, up $293MM from the prior year. The company said it is seeing the benefits of its focus on working capital management and its business operating system, and with that it is raising its free cash flow forecast to $1.0-1.1Bil in 2016, excluding the proceeds from the sale of Hussmann.
$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?