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$LEG said the company ended 1Q16 with net debt to net capital of 37%, well within the long standing target range of 30-40%. At the end of March, $LEG's debt was 1.6 times TTM adjusted EBITDA. The company now expects a FY16 EBIT margin between 12.9-13.3%, flat to up slightly YoverY.
$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?