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$TSN generated $1.1Bil of operating cash flows for 1Q16. At January 2, 2016, $TSN had approx. $2.4Bil of liquidity, including availability under its revolving credit facility and $1.2Bil of cash and cash equivalents. During 1Q16, $TSN recorded $2MM of equity earnings in JVs and $1MM in net foreign currency exchange losses.
$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?