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July 10, 2014
08:16 EDTALRAlere could be worth $60 in a takeover, says Canaccord
Canaccord raised its price target on Alere to $50 from $45 to reflect an increased assumption of the company being a takeover candidate. The firm believes Alere could be acquired for as much as $60 per share and keeps its Buy rating the stock.
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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.
September 16, 2014
08:54 EDTALRAlere CEO takeover attempt lacks financing details, says Raymond James
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07:31 EDTALREuropean Association for Study of Diabetes to hold annual meeting
50th Annual Meeting of EASD to be held in Vienna, Austria on September 15-19.
07:18 EDTALRAlere worth $45-$50 to strategic buyer, says Canaccord
Canaccord noted the former Chairman and CEO of Alere revealed a proposed buyout of $46 per share. The firm feels the filing indicates genuine interest and believes the company may be worth $45-$50 to a strategic buyer. Canaccord raised its price target to $46 to match the offer and reiterates its Buy rating on the shares.
September 15, 2014
19:32 EDTALRAlere responds to letter from former executives
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12:31 EDTALROn The Fly: Midday Wrap
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09:15 EDTALRRon Zwanziger plans to offer $46 per share to aquire Alere
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