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$AVGO stated that it completed both previously announced divestitures collecting over $600MM in cash & paid down $1.3Bil of long-term debt. 3Q16 GM from continuing operations was 60.4%, about 40 BP above the midpoint of guidance. R&D expenses were $667MM & SG&A expenses were $141MM, resulting in 3Q16 OpEx of $808MM, in line with guidance.
$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?