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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 company’s 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 company’s exclusion of the accounting dilution resulting from the impact of the warrants in the calculation of the company’s adjusted diluted earnings per share. As a result, share repurchases under the special program will not have an impact on the company’s 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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November 21, 2014
10:00 EDTABCOn The Fly: Analyst Downgrade Summary
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07:32 EDTABCAmerisourceBergen downgraded to Market Perform at FBR Capital
FBR Capital downgraded AmerisourceBergen to Market Perform from Outperform saying the stock's valuation reflects the company's long-term growth prospects. FBR keeps a $90 price target on shares.
06:15 EDTABCAmerisourceBergen downgraded to Market Perform from Outperform at FBR Capital
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November 13, 2014
18:40 EDTABCOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
17:38 EDTABCAmerisourceBergen awarded $4.06B government contract
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09:16 EDTABCAmerisourceBergen management to meet with Leerink
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