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In 2Q16, $V entered into currency forward contracts to reduce a portion of the foreign currency exchange rate risk associated with the upfront cash consideration to be paid in the expected Visa Europe acquisition. Due to this, the company recorded non-recurring, net unrealized gains of $116MM in non-operating income.
$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?