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Gabelli & Co. analyst Barry Lucas questions about the $5MM in restricted cash. $SCHL says that the restricted cash is related to warranties and reps, and the company has received all the cash related to the TSA. As the only outstanding cash is related to warranties, assuming there are no claims in Nov., $SCHL will get that cash.
$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.