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$TEL 3Q15 Call: TEL now expect the Broadband Network Solutions sales to close in about 90 days, earlier than orginally expected and expected to use the nearly $3Bil of proceeds for share buybacks. TEOA program adjusted GM was up 50 bps YoverY and adjusted operating margin expaned to 15.9%, up 50 bps vs 3Q14. Organic growth was 4%.
$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?