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$LH, which competes with $DGX and $BRLI, said that during 4Q15, effective tax rate was 38.5%, higher than 36.1% in 4Q14, due to the taxable nature of certain restructuring charges. The company invested $43MM in acquisitions and paid down $250MM of debt, reducing the its leverage to 3.6 times debt-to-last 12 months pro forma EBITDA.
$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?