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Year-to-date, $PBI generated cash from operations of $351MM, received proceeds of $292MM from the sale of Imagitas and $39MM from the sale of $PBI's former corporate headquarters building. $PBI also issued $150MM of commercial paper during this period. At Sept. 30, 2015, cash and cash equivalents were $716MM, down $363MM from Dec. 31, 2014.
$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?