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$ETFC 2Q15 Q&A: Harris of Wells Fargo, asked about covenants with debt as it relates to stock buybacks. Paul said, each debt instrument has different covenants. Most restrictive of them would put a limit of about $100MM on buybacks. $100MM is totality that would grow in scale with earnings. Covenants will go away on reaching investment grade status
$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?