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In 4Q16, $MDT said that it repaid approx. $2.7Bil of debt, utilizing a part of the $10Bil cash that was untrapped in a transaction last Sept. Non-GAAP normal tax rate on cash basis was 14.6%, which included an approx. $40MM benefit from the reversal of valuation allowance related to foreign net operating losses from Interventional Spine business.
$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?