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$COO expects effective tax rate to be about 8% and share count is expected to be about 49.1MM shares in FY16. CapEx is expected to be around $200MM, as company finishes paying for equipment ordered over the prior year. Adjusted free cash flow is expected to be around $300MM.
$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?