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$KLXI said free cash flow was $29.9MM in 2Q16, representing a conversion ratio of 116% of adjusted net earnings. As of July 31, 2016, cash was $250MM, reflecting both solid free cash flow generation and the Herndon acquisition. Total long-term debt of $1.2Bil less cash resulted in net debt of $950MM and the net-debt-to-net-capital ratio was 30%.
$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?