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Stock Market & Financial Investment News

News Breaks
May 19, 2014
08:28 EDTABTAbbott acquisition positive, says Wells Fargo
After Abbott announced its plan to acquire Chile-based branded generic pharmaceutical company CFR, Wells Fargo thinks that CFR is a good fit for Abbott's EPD growth platform from a strategic perspective. The firm reports that the deal expands EPD's footprint in Latin America and is expected to add 7c to the company's EPS in 2015. The firm keeps an Outperform rating on Abbott.
News For ABT From The Last 14 Days
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February 27, 2015
12:35 EDTABTMylan completes acquisition of assets from Abbott
Mylan N.V. and Mylan (MYL) announced the successful completion of the acquisition of Abbott Laboratories' (ABT) non-U.S. developed markets specialty and branded generics business. Under the previously announced terms of the transaction agreement, Abbott received 110M shares of Mylan N.V., resulting in former Mylan shareholders now owning approximately 78% of Mylan N.V. and Abbott now owning approximately 22% of Mylan N.V. Mylan Inc. and Abbott's non-U.S. developed markets specialty and branded generics business have been reorganized under Mylan N.V., a new public company organized in the Netherlands. Mylan N.V. will be led by the former Mylan Inc. executive team. The company will trade on Nasdaq under the ticker symbol MYL.
February 20, 2015
07:08 EDTABTAmerican Academy of Allergy, Asthma and Immunology to hold annual meeting
2015 Annual Meeting of AAAAI is being held in Houston, Texas on February 20-24.

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