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$CBRL said its effective tax rate on a GAAP basis was 22.7% for 3Q16. On an adjusted basis, the effective tax rate was 31% compared to an adjusted tax rate of 31.3% in 3Q15. The company ended 3Q16 with $176.7MM of cash and equivalents compared to $202MM at the end of 3Q15, and total debt of $400MM.
$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.