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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:32 EDTABCAmerisourceBergen acquires minority interest in Profarma Distribuidora
AmerisourceBergen announced that it has reached a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmaceuticos. In addition, AmerisourceBergen and Profarma will establish a joint venture for specialty distribution and services. The company expects to invest a total of approximately $100M, and the transaction is expected to close in the June quarter of FY14. AmerisourceBergen does not expect the transaction to have a meaningful impact to its adjusted earnings per share from continuing operations for FY14. AmerisourceBergen will purchase up to a 19.9% minority stake by offering R$22.50 per share for shares offered in a primary offering by Profarma. The specialty distribution joint venture will include Profarma’s existing specialty businesses and an equity investment from AmerisourceBergen, and each company will own a 50% stake in the joint venture.
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October 30, 2014
07:16 EDTABCAmerisourceBergen sees FY15 continuing ops EPS $4.36-$4.50, consensus $4.38
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