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$EMN 2Q15 Call: Operating cash flow was $591MM. Generated $450MM of free cash flow. CapEx totaled $141MM and company is on track for full-year CapEx of between $700-725MM as underlying capital schedules are also weighted to 2H15. Dividend was $60MM and effective tax rate was just over 27%. Expects full-year tax rate to be 26-27%.
$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?