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Excluding Heartland integration costs, $GPN generated free cash flow of about $107MM in 1Q17. CapEx totaled $38MM for the quarter. The company reduced outstanding debt during 1Q17 by $44MM and since the date of its last call, it has repurchased an additional 379,000 shares for $28MM. $GPN's current share repurchase authorization capacity is $191MM.
$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.