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Through sale/leaseback leverage, $CST expects the venture will substantially enhance its new store return on investment from unleveraged returns of 15% to over 30% under the new venture structure (after customary maturity period of 1-3 years). Beginning in 2017, $CST sees new stores to be constructed as build-to-suit locations funded by venture.
$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?