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Tax rate decreased to 30% for $LEN in 3Q15, lowest YTD. $LEN had cash balance in homebuilding of $596MM and borrowed $575MM under its $1.34Bil revolving credit facility at 3Q15-end. Stockholders' equity grew by 17% YoverY. And during 3Q15, $LEN converted $169MM of its 2.75% convertible senior notes.
$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?