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In Sept. 2015, $LOW entered into an ASR agreement with a third-party financial institution to repurchase $500MM of its common stock. Pursuant to the agreement, $LOW paid $500MM to the financial institution and received an initial delivery of 6.2MM shares. In Nov. 2015, the company finalized the transaction and received an additional 0.9MM shares.
$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?