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Gold and copper producer $NEM said it has paid the remaining $275MM balance under its Term Loan due 2019. Early repayment of the loan results in lower corporate debt and reduced cash interest expense. YTD, $NEM has reduced its debt by $915MM. Company has about $6Bll in cash, revolver capacity and marketable securities on its balance sheet.
$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?