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$PHM ended 1Q16 with $1Bil of cash, of which $465MM will be used to retire bonds maturing in May 2016. During 1Q16, the company repurchased 3.1MM common shares for $50MM, or an average price of $16.36 per share. Mortgage capture rate in 1Q16 was 81% compared with 82% in the year-ago period.
$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?