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Capital expenditures as a percentage of sales were 9.9% in 2Q16 compared to 8.3% in 2Q15. During 2Q16, $ARG paid $98MM to purchase 12 businesses and to settle holdback liabilities associated with prior year acquisitions. The businesses acquired during 2Q16 had historical annual sales of approx. $80MM.
$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?