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For 1H16, $MCK generated cash from operations of $1.3Bil, and ended 2Q16 with cash and cash equivalents of $5.4Bil. During 1H16, $MCK repurchased nearly $500MM of its common stock, repaid $498MM in long-term debt, had internal capital spending of $274MM and paid $114MM in dividends.
$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?