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$FIS said for 4Q15 free cash flow increased 12% to $399MM or 143% conversion of net earnings. For 2015, free cash flow increased 7% to $921MM or 99% conversion of net earnings. The company said it is highly focused on paying down debt and deleveraging the balance sheet. Effective tax rate grew to 33.4% for 4Q15 versus 32.6% in 4Q14.
$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?