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$MSM, which competes with $GWW and $AIT, said that 2Q16 DSO was 48 days flat from 2Q15. The company's rolling 12 months inventory turns were 3.13. $MSM's free cash flow was $50MM vs. a negative $22MM in 2Q15, while CapEx was $11MM vs. $12MM in 2Q15 and $27MM YTD. The company expects FY16 CapEx to be within $50-60MM.
$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?