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$ARG 1Q16 Call: ARG had approx. 76MM weighted avg. diluted share outstanding, up 1% YoverY. Total debt down by approx. $21MM YoverY to approx. $2.4Bil at June 30. Debt-to-EBITDA ratio 2.5. Distribution GM was 56.4%, up 40BP YoverY. All other operations GM was 48.2%, down 110BP from 1Q15. CapEx, excluding operating lease buyouts was 8.7% of sales.
$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?