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$SPLS, which terminated its proposed merger of $ODP in May, said it will pay the $250MM break-up fee to be paid to $ODP trough cash generated from operations, current cash, funds available under existing credit agreements and other alternative sources. The company said the available resources will be sufficient to fund its planned capital.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.