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$MRO reported net cash from continuing operations of $278MM in 4Q15. Total liquidity at Dec. 31 was $4.2Bil, consisting of $1.2Bil in cash and cash equivalents and an undrawn $3Bil revolving credit facility. Company had workforce reductions in FY15, resulting in annualized net savings of $160MM.
$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?