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Stock Market & Financial Investment News

News Breaks
February 15, 2013
07:07 EDTCAH, BRK.A, AAMRQ, STZ, HNZ, BUD, LCCMajor deal-making is back, WSJ reports
A flurry of acquisitions (AAMRQ, LCC, HNZ, BRK.A, BUD, STZ, CAH) announced yesterday suggests that major deal-making is back after a nearly six-year absence. The $40B-worth of deals struck Thursday brings the total value of M&A transactions announced since January to nearly $160B, the fastest start to a year since 2005, according to Dealogic, reports the Wall Street Journal.Reference Link
News For A;BUD;STZ;CAH From The Last 14 Days
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March 2, 2015
07:35 EDTCAHCardinal Health to buy Cordis from Johnson & Johnson in $1.99B deal
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07:35 EDTCAHCardinal Health to acquire Cordis for $1.94B in cash
Cardinal Health (CAH) announced plans to acquire Johnson & Johnson's (JNJ) Cordis business, a global manufacturer of cardiology and endovascular devices, for $1.94B in cash, or approximately $1.59B, net of the present value of tax benefits. The acquisition is expected to be financed with a combination of $1B in new senior unsecured notes and the remainder with existing cash. The transaction is expected to close in the United States and key non-U.S. countries towards the end of calendar 2015. Assuming this timing, Cardinal Health expects fiscal 2017 accretion in non-GAAP diluted earnings per share from continuing operations of greater than 20c per share, which includes the cost of an incremental 7c-8c per share of interest expense associated with financing the transaction. The company expects the acquisition to be increasingly accretive thereafter and assumes that synergies will exceed $100M annually by the end of fiscal 2018. Cordis had annual sales in 2014 of approximately $780M, split almost evenly between cardiology and endovascular products. Upon completion of that process, Cardinal Health expects to enter into a definitive purchase and sale agreement in respect of the proposed acquisition. The proposed transaction will also be subject to customary closing conditions, including regulatory approvals, and is expected to close in the approximately 20 principal countries towards the end of calendar year 2015 and in the remaining countries on a rolling basis afterward.
February 26, 2015
11:50 EDTCAHCardinal Health management to meet with William Blair
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05:21 EDTBUDAB InBev sees FY15 revenue per hl to grow organically in line with inflation
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05:15 EDTBUDAB InBev announces $1B share buyback program
The board has approved a share buyback program for an amount of $1B, which will be conducted during the course of this year. The company's current intention is to use the shares acquired to fulfill its various share delivery commitments under the stock ownership plan. The program will be executed under the powers granted at the General Meeting of Shareholders on April 30.
05:12 EDTBUDAB InBev reports Q4 EPS $1.54, consensus $1.41
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February 25, 2015
15:05 EDTBUDNotable companies reporting before tomorrow's open
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10:01 EDTAOn The Fly: Analyst Upgrade Summary
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08:28 EDTAAgilent upgraded to Buy from Neutral at BTIG
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07:18 EDTAG Corp to hold annual meeting
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February 24, 2015
15:21 EDTSTZNotable companies reporting before tomorrow's open
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07:31 EDTCAHRBC Capital to hold a conference
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07:30 EDTSTZJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 22, 2015
12:51 EDTCAHJ&J considers Cordis sale with Cardinal the leading suitor, Bloomberg says
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February 20, 2015
17:31 EDTCAHJ&J considering sale of Cordis with Cardinal the leading suitor, Bloomberg says
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February 19, 2015
09:09 EDTALeerink's life science tools analyst holds an analyst/industry conference call
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February 17, 2015
16:09 EDTAAgilent sees FY15 EPS $1.67- $1.73, consensus $1.73
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16:08 EDTAAgilent sees Q2 EPS 37c-41c, consensus $39c
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16:07 EDTAAgilent reports Q1 EPS 41c, consensus 41c
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15:32 EDTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
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