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In 4Q16, $MCK completed a $650MM accelerated share repurchase program, bringing total shares repurchased in FY16 to $1.5Bil. At end FY16, about $1Bil remained on repurchase authorization. Diluted weighted average shares outstanding assumption for FY17 is 228MM.
$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?