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$TEL 3Q15 Q&A: Harrison of Longbow queried on BNS business and proceeds. Tom replied that BNS business is performing as expected through the sale process. On proceeds, TEL has a capital deployment approach of $105-250MM for share repurchase. When the BNS transaction closes, it will be an additional $3Bil, majority will be returned to shareholders.
$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?