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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:12 EDTALRAlere CEO change sets up possible scenarios, says Jefferies
Jefferies believes the resignation of CEO and founder Ron Zwanziger sets up a number of possible scenarios for Alere, including an outright sale of the company or refocused execution on the turnaround strategy. The firm keeps a Buy rating on the stock with a $45 price target.
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October 2, 2014
08:37 EDTALRAlere's Entamoeba histolytica rapid test receives CE mark
Alere announced that the new E. Histolytica Quik Chek test, which identifies the Entamoeba histolytica parasite, has received CE Mark for sale in international markets outside of the U.S. The test is developed and manufactured by Techlab.
October 1, 2014
08:03 EDTALRAlere to receive $12.9M in development support from BARDA for diagnostic device
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September 18, 2014
14:34 EDTALRZwanziger says Alere will not provide due diliegence
Ron Zwanziger disclosed that he sent an email to Gregg Powers, Alere's Chairman of the Board, seeking a meeting to discuss the proposed due diligence period. Zwanziger also noted that representatives from a private equity firm and an investment bank would accompany him to the meeting to discuss equity and debt financing related to the proposed transaction and to assure Mr. Powers that the proposal is and will be bona fide. Zwanziger said Powers responded by letter, declining the proposed meeting. He also indicated that Alere would not be providing any due diligence opportunity to the former officers. Powers also stated in the Alere Letter that the board would appropriately consider any proposal it believes to be bona fide and would maximize shareholder value.

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