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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:04 EDTBDXBecton Dickinson acquires Cato Software Solutions
Becton Dickinson announced that it has acquired Cato Software Solutions, the manufacturer of cato and chemocato software, a suite of comprehensive medication safety solutions for pharmacy intravenous medication preparation, physician therapy planning and nurse bedside documentation. The financial terms of the acquisition were not disclosed. BD expects the transaction to be minimally dilutive for fiscal year 2013, and does not expect it to impact BD's previously communicated 2013 earnings guidance.
News For BDX From The Last 14 Days
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October 13, 2014
08:04 EDTBDXBD acquires GenCell Biosystems
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October 7, 2014
10:02 EDTBDXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:30 EDTBDXBecton Dickinson management to meet with Deutsche Bank
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06:23 EDTBDXCareFusion downgraded to Neutral from Overweight at JPMorgan
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05:37 EDTBDXBecton Dickinson upgraded to Buy from Hold at Stifel
Stifel upgraded Becton Dickinson (BDX) to Buy with a $153 price target citing significant accretion from the takeover of CareFusion (CFN).
October 6, 2014
17:09 EDTBDXBecton Dickinson acquisition of CareFusion will benefit investors, Barron's says
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16:20 EDTBDXOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory and appeared ready to ride the wave of optimism from Friday’s jobs report into the new week. However, with little on the economic calendar to sustain the momentum, each of the major equity indexes had given up their gains by noon. The Dow and S&P 500 made it back to flat late in the session, but weakened into the close to end the day slightly lower. The tech-heavy Nasdaq was the laggard throughout and ended the day with the most significant decline. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Hewlett-Packard (HPQ) climbed $1.67, or 4.74%, to $36.87 after it confirmed plans to split itself into two publicly traded companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." After the announcement, HP shares were upgraded to Outperform from Neutral at Credit Suisse, while analysts at Cantor called the split "a bold and smart move" that will give HP the financial flexibility needed to sell off one or both of the PC and printing businesses if an attractive offer emerges for either or both. MAJOR MOVERS: Among the notable gainers was Durata Therapeutics (DRTX), which surged $10.36, or 74.64%, to $24.24 after the company agreed to be acquired by larger drugmaker Actavis (ACT) for $23.00 per share in cash, or approximately $675M, and contingent value rights for additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product are achieved. Also higher was CareFusion (CFN), which jumped $10.58, or 22.92%, to $56.75 after agreeing to be acquired by Becton Dickinson (BDX) for $49 in cash and 0.0777 of a share of BD for each share of CareFusion, or about $12.2B. Becton Dickinson rose $9.14, or 7.89%, to $124.98 after its deal, while Actavis slipped $2.12, or 0.86%, to $243.95, after its own, much smaller purchase. GT Advanced Technologies (GTAT) plunged $10.22, or 92.46%, to 83c after the company announced that it and some of its units had commenced voluntary cases under chapter 11 of the bankruptcy code, which Raymond James believes implies a "fundamental, severe breakdown" of the company's relationship with Apple (AAPL). Also lower were shares of Sunesis (SNSS), which dropped $5.18, or 78.01%, to $1.46 and was downgraded at RBC Capital and Wells Fargo after a trial of a combination therapy for patients with first relapsed or refractory acute myeloid leukemia did not meet its primary endpoint. INDEXES: The Dow slid 17.78, or 0.1%, to 16,991.91, the Nasdaq fell 20.82, or 0.47%, to 4,454.80, and the S&P 500 slipped 3.08, or 0.16%, to 1,964.82.
14:26 EDTBDXCareFusion downgraded to Neutral from Overweight at Piper Jaffray
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12:41 EDTBDXOn The Fly: Midday Wrap
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11:16 EDTBDXBecton Dickinson agrees to buy CareFusion for $12.2B, shares rise
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10:18 EDTBDXBecton Dickinson price target raised to $141 from $127 at Piper Jaffray
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10:14 EDTBDXHigh option volume stocks
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10:04 EDTBDXOn The Fly: Analyst Upgrade Summary
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09:25 EDTBDXOn The Fly: Pre-market Movers
HIGHER: HP (HPQ), up 5% after confirming plans to separate into two companies... CareFusion (CFN), up 24% after Becton Dickinson (BDX) agreed to acquire the company for $58 per share in $12.2B deal. Becton Dickinson shares are up 7% following the news... Chimerix (CMRX), up 7% after announcing announced that brincidofovir has been provided for potential use in patients with Ebola Virus Disease... Conn's (CONN), up 6.5% after announcing that it is exploring strategic alternatives... TASER (TASR), up 5% after announces multiple orders of TASER Smart Weapons... Tableau (DATA), up 3.5% after upgraded at Morgan Stanley... Splunk (SPLK), up 3.9% after upgraded at Morgan Stanley... Unilife (UNIS), up 52% after signing a 15-year commercial supply agreement with Sanofi (SNY). LOWER: RadioShack (RSH), down 5% after confirming definitive agreements to restructure debt... Alcobra (ADHD), down 43% after announcing results from Phase III study of MDX in adult ADHD... Sunesis (SNSS), down 71% after announcing Phase 3 VALOR trial did not meet primary endpoint... H&R Block Bank (HRB), down 5% after deal with BofI (BOFI) not expected to get regulatory approval this year. Tekmira (TKMR), down 8% after downgraded at Leerink.
08:23 EDTBDXBD says will have presence in nearly every country after CareFusion deal
Becton Dickinson (BDX) says that its acquisition of CareFusion (CFN) creates a "stronger" platform for diversified growth for the company. Says will leverage BD's "strong" international presence to accelerate growth of CareFusion products. Says the deal is consistent with BD's long-term revenue growth aspirations. Says emerging markets are a "key" growth driver for BD. Says will move to cash earnings going forward. Says expected revenue growth synergies from the deal have not been taken to account in the company's finances at this time. Says "well-positioned for continued success." Comments made during the company's presentation regarding the CareFusion acquisition.
07:42 EDTBDXCareFusion volatility low into Becton Dickinson acquiring in $12.2B deal
CareFusion (CFN) overall option implied volatility of 21 compares to its 26-week average of 24 according to Track Data, suggesting decreasing price movement into Becton Dickinson (BDX) purchasing for $58 per share in cash and stock.
07:30 EDTBDXBecton Dickinson volatility flat into acquiring CareFusion in $12.2B deal
Becton Dickinson (BDX) overall option implied volatility of 15 is at its 26-week average according to Track Data, suggesting non-directional price movement into purchasing CareFusion (CFN) for $58 per share in cash and stock.
07:17 EDTBDXBecton Dickinson feels CareFusion deal will cut healthcare costs
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06:20 EDTBDXBecton Dickinson upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Becton Dickinson (BDX) to Neutral after the company announced an agreement to acquire CareFusion (CFN) for $12.2B.
05:43 EDTBDXBecton Dickinson and CareFusion to host joint conference call
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