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On Aug. 1, $SYMC added $2.8Bil of new debt and $1.25Bil of convertible notes. Company has $5.6Bil cash and $7.3Bil total debt. 1Q17 cash flow from continuing operations was negative $742MM, which included tax payment of $887MM related to gain from sale of Veritas and $39MM in cash outflows related to restructuring in the Veritas separation.
$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?