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$BCR reported effective tax rate of 25.4% in 2Q16, down 60 BPs from prior year. Diluted share count was 75.2MM, and company repurchased about 103,000 shares in the quarter. Cash, restricted cash and short-term investments at 2Q16 end were $1Bil and CapEx was $17.9MM for the quarter.
$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?