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$M 2Q15 Q&A: Hutchinson of Bank of America asked what are best use of proceeds from single-store transactions in real estate monetization. Karen answered that M is looking at balancing, growing the business & making the investments needed to do so, along with returning cash to shareholders. It would be similar to cash flow generated from business.
$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?