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At 1Q16-end, $NNN had a cash balance of $51MM. The company has no floating rate debt. Weighted avg. debt maturity is 6.7 years on weighted avg. interest rate of 4.5%. Debt to EBITDA was 4.3 times at March 31. Interest coverage was 4.7 times for 1Q16 and fixed charge coverage was 3.4 times.
$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?