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On Sept. 30, 2015, $MLM sold its California cement business to CalPortland Cement Company for $420MM. The company expects to use the net proceeds from this sale to repurchase additional shares of stock under its existing authorization and in anticipation of this, $MLM repurchased 917,000 shares for $158MM during 3Q15.
$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?