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Free cash flow over the last four quarters was $11.3Bil and $ORCL now has more than $52Bil in cash and marketable securities. Net of debt, company's cash position is over $10.4Bil. In 2Q16, $ORCL repurchased more than 86MM shares for a total of $3.25Bil and over the last 12 months the company paid dividends of $2.5Bil.
$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?