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$ALK said its cash flow from operations for 1H16 was $900MM and the company ended 2Q16 with over $1.6Bil of cash on hand. Adjusted for leases, the company has a net cash position of approx. $700MM and its debt to cap is at 25%. $ALK added that its balance sheet positions it well for its planned merger with Virgin America in 4Q16.
$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?