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As of December 31, 2015, $GPC had a cash balance of $212MM compared to cash of $138MM at December 31, 2014. Accounts receivable fell by approx. 3% and inventory was down by approx. 1%. Accounts payable rose 10% from the prior year. Total debt outstanding at December 31, 2015 was $625MM.
$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?