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$MMM has increased the dividend payout ratio to approx. 54% in 2015, up from 37% in 2012. For 2016, the company expects to use $4-6Bil of cash for gross share repurchases or $3-5Bil net of reissuances. This will lead to a reduction of average diluted shares outstanding by approx. 4% thereby increasing EPS by $0.25-0.35.
$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?