Want to join the conversation?
$MMM said that free cash flow conversion was 74% in 1Q16, up 8 percentage points YoverY. The company generated $1.3Bil of operating cash flow in 1Q16, with CapEx of $314MM. The company expects CapEx investments in the range of $1.3-1.5Bil for 2016.
$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?