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In 1Q16, $MHFI posted cash provided by operating activities of $133MM vs. ($1,349MM) for 1Q15. The increase is mainly due to the payment of legal and regulatory settlements in 2015. Cash provided by financing activities fell to $11MM vs. $220MM in 1Q15, hurt by an increase in cash used for share repurchases in 2016.
$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?