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During FY15, $ETN repurchased a total of $454MM worth of share, 1.5% of shares outstanding at the start of the year. Given the weak price for U.S. dollar denominated industrials, $ETN to continue deploying excess cash flow over the next year for share repurchases.
$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?