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In 2Q16, $MDT generated $1.1Bil in free cash flow & expects to generate nearly $40Bil over the next 5 years. Earlier in FY16, the company increased its dividend by 25% & intends to reach a non-GAAP payout ratio of 40% within the next few years. $MDT will return at least 50% of free cash flow to shareholders through dividends and share repurchases.
$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?