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At 2Q16-end, $CSAL had $507MM of liquidity consisting of $49MM of unrestricted cash and cash equivalents, and $458MM of undrawn borrowing capacity under its revolving credit facility. The company's leverage ratio at 2Q16-end was 5.6x based on net debt to annualized adjusted EBITDA.
$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?