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Stock Market & Financial Investment News

News Breaks
May 19, 2014
08:41 EDTABCAmerisourceBergen announces special $650M repurchase program
AmerisourceBergen announced that its Board of Directors has authorized a special $650M share repurchase program intended to supplement the companyís previously announced warrant hedging strategy. The special program will be used to mitigate the potentially dilutive effect on the ownership interests of its then-existing stockholders that may result from the issuance of common stock upon exercise of the warrants issued in March 2013. The company intends to exclude the impact of the share repurchases under the special program from its presentation of adjusted diluted EPS from continuing operations beginning with its earnings release for the fiscal quarter ending June 30 and until the warrants are exercised or expire. The exclusion of the special share repurchases will be consistent with the companyís exclusion of the accounting dilution resulting from the impact of the warrants in the calculation of the companyís adjusted diluted earnings per share. As a result, share repurchases under the special program will not have an impact on the companyís expectations for the range of its adjusted diluted earnings per share from continuing operations for FY14, which was previously disclosed in its earnings release dated April 24. That range continues to include an assumption that the company will repurchase $500M of its common stock in FY14 under its previously announced repurchase programs, subject to market conditions.
News For ABC From The Last 14 Days
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January 28, 2015
07:07 EDTABCAmerisourceBergen sees FY15 adjusted EPS $4.45-$4.55, consensus $4.51
Sees FY15 revenue growth 10%-11%, consensus $128.9B. Adjusted operating income growth in the 9 percent to 11 percent range; Flat adjusted operating margin; Free cash flow generation in the range of $1.8 billion to $2.0 billion; Capital expenditures in the $250 million range; Regular share repurchases of approximately $200 million; and Special share repurchases of approximately $400 million. In addition, sees acquisition of MWI (MWIV) will contribute an incremental 8 cents of adjusted diluted earnings per share in the second half of fiscal 2015.
07:04 EDTABCAmerisourceBergen sees MWI Veterinary Supply deal closing in March quarter
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07:04 EDTABCAmerisourceBergen reports Q1 adjusted EPS $1.14, consensus 97c
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January 27, 2015
15:35 EDTABCNotable companies reporting before tomorrow's open
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January 26, 2015
07:33 EDTABCAmerisourceBergen commences tender offer to acquire MWI Veterinary Supply
AmerisourceBergen (ABC) announced that it has commenced a tender offer to purchase all outstanding shares of MWI Veterinary Supply (MWIV) for $190.00 per share, net to the seller in cash, without interest, less any applicable withholding taxes. The tender offer is being made pursuant to the merger agreement entered into by AmerisourceBergen and MWI and announced on January 12. Unless extended, the tender offer will expire at 11:59 p.m., New York City time, on February 23. The completion of the tender offer is subject to the tender of at least a majority of MWIís outstanding shares of common stock and other customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

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