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$DAR said that for 2016, it is targeting a $20-25MM improvement in working capital. CapEx is expected to be $250MM for 2016 and 1Q16 CapEx run rate was $53.4MM. Going forward, the company will continue to focus on debt repayment with a debt reduction target of $125-150MM for 2016.
$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?