Want to join the conversation?
Tien-tsin Huang of JPMorgan asks about the repatriation of cash and if the priority is to buyback stock or to do some larger acquisitions in US or Europe. $CTSH said the company wants to ramp up the volume of M&A, not necessarily large scale deals. So $CTSH will look to deploy that cash effectively to invest in growth for the 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?