Want to join the conversation?
$YUM generated YTD EBITDA of almost $2Bil and raised long-term dividend payout target to 45-50% of annual net income before special items. Moody's reduced imputed debt from 8 times to 6 times annual rent expense whereby $YUM gained nearly $2Bil of additional debt capacity while maintaining investment grade credit rating.
$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.