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As of FY15-end, $BEN undiscounted future cash flow projections for the majority of its definite-lived intangible assets that exceeded their carrying values by at least 60%. $BEN estimated the future undiscounted cash flows for these assets using AUM growth rates ranging from -25% to 5%, that incorporate the impact of current market conditions.
$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?