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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.
News For ABC From The Last 14 Days
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January 13, 2015
08:16 EDTABCAmerisourceBergen price target raised to $100 from $93 at Cowen
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January 12, 2015
10:40 EDTABCMWI Veterinary Supply postpones 2015 annual meeting of stockholders
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08:57 EDTABCAmerisourceBergen says still 'firmly committed' to special repurchase program
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08:51 EDTABCAmerisourceBergen says will use $500M in cash for MWI purchase
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08:50 EDTABCAmerisourceBergen sees reducing regular shares buybacks in FY15 due to deal
Comment from AmerisourceBergen (ABC) call to discuss acquisition of MWI Veterinary Supply (MWIV).
07:42 EDTABCMWI Veterinary Supply volatility flat into AmerisourceBergen acquiring
MWI Veterinary Supply (MWIV) overall option implied volatility of 30 compares to its 26-week average of 31 according to Track Data, suggesting non-directional price movement into AmerisourceBergen (ABC) acquiring for $190 per share, representing a $2.5B fully diluted equity value.
07:34 EDTABCAmerisourceBergen to acquire MWI Veterinary Supply for $190 per share
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07:33 EDTABCAmerisourceBergen to acquire MWI Veterinary Supply for $190 per share

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