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In 2Q16, $HSY repurchased $117MM of common shares. The company also repurchased $32MM of common shares to replace shares issued in connection with the exercise of stock options. Cash on hand at the end of 2Q16 was $250MM. For 2016, $HSY expects Capex to be $265-275MM.
$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?