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As of March 31, 2016, $CHK had a cash balance of approx. $16MM compared to $825MM as of December 31, 2015, and a net working capital deficit of approx. $1.341Bil compared to a net working capital deficit of approx. $1.205Bil as of December 31, 2015. Cash used in operating activities was $421MM in the qtr. ended March 31, 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?