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$ADI said after the Linear Technology deal closes, it plans to use its combined cash generation to pay down debt associated with the transaction. $ADI expects net debt to EBITDA to go from 3.8 times at deal close to approx. 2 times net debt to EBITDA within 3 years of the transaction closing, coming to approx. $1Bil per year expected debt paydown.
$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?