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Cash equivalents and marketable securities held at $UNM and its intermediate holding companies are significant source of liquidity for $UNM and were about $475MM and $575MM at Dec. 31, 2015 and 2014. During 2015, $UNM repurchased 12.3MM shares at cost of about $427MM. The dollar value of shares remaining under repurchase program was about $502MM.
$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?