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$JOY has two financial covenants in its credit facility, leverage covenant and interest coverage covenant. Leverage covenant is 3x and the company expects to end the year at around 2.4x level on the interest coverage. With respect to credit facilities and accessing liquidity on those facilities, there is no impact.
$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?