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Brett Hundley with BB&T asks about net debt ticking back up in 2Q16 and how it can trend into FY16-end. $TSN said it did expect the net debt to go up seasonally. There are cattle and hog deferrals flipping from Dec.-end into March to be paid off. $TSN also said net debt for rest of the year will be generally in the area of where it is now.
$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?