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In 4Q16, $ALOG's GAAP OpEx increased due to restructuring and BK Medical distributor settlement related expenses. Due to unfavorable geographic mix, tax rate grew 7% to 35% in the quarter. Company expects FY17 tax rate to be at the high 20% level. $ALOG ended FY16 with $33MM of operating cash flow and $20MM of free cash flow.
$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?