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In June, $BDX continued to deleverage as it paid down $750MM debt maturity associated with the CareFusion acquisition. At end 3Q16, leverage ratio was 3.4x. Company is on track to achieve 3x leverage ratio within March 2017. Company expects to achieve $325-350MM in total cost synergies related to the CareFusion acquisition when exiting FY18.
$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?