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With regard to taxes, $AMG's GAAP tax rate for 3Q15 was 33.2% and cash tax rate was approx. 22.5%. For modeling purposes, $AMG expects GAAP tax rate to be 33% and cash tax rate to be 22%. Intangible related deferred taxes for the quarter were $21.1MM and expect this number to be approx. $22MM in 4Q15.
$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?