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Catherine O'Brien of Deutsche Bank asks whether any additional buybacks are expected in 2016 to hit the $325MM target. $ALK CFO Brandon Pedersen said one should not expect any additional share buybacks. He added that the $325MM includes the share buybacks that $ALK did YTD, plus the dividend payments that it would pay through the rest of the year.
$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?