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$ABC 3Q15 Call: Adjusted operating income was $455MM, up about $52MM. Adjusted operating margin was 1.33%, up 3 BP due to having MWI as they have a higher margin profile than core drug businesses. Interest expense net was about $28MM and roughly half of the quarterly expense was related to MWI acquisition financing.
$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?