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$PRU 2Q15 Q&A: Gallagher of Credit Suisse asked about Closed Block transaction. Rob answered, the dividend this year was $2Bil, about $1.25Bil of that was associated with the Closed Block. The decline in financial ratio came by PRU issued $1Bil of hybrids and 25% of that hybrid goes towards equity attribution, and their growth in earnings.
$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?