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$SYMC 1Q16 Call: BoD authorized an increase of the stock buyback program to $2.6Bil. This new authorization enables us to retain flexibility as we finalize our capital allocation strategy in anticipation of the transaction’s closing by the end of our third fiscal quarter. We intend to repurchase the first $2Bil over the next 18 months.
$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?