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At 2Q16-end, $CAG had $96MM of cash on hand and $167MM of outstanding commercial paper borrowings. $CAG expects to refinance $750MM of debt maturing on Jan. 25, 2016 with short-term debt in commercial paper. $CAG has about $132MM remaining on its existing share repurchase authorization.
$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?