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Stock Market & Financial Investment News

News Breaks
May 15, 2014
07:05 EDTBAYRY, BSXBoston Scientific agrees to acquire Interventional division of Bayer for $415M
Boston Scientific (BSX) has entered into a definitive agreement to acquire the Interventional Division of Bayer AG (BAYRY) for $415M in cash, including fees for transitional services. The company expects to close the transaction in the second half of 2014, subject to customary closing conditions. The acquisition is expected to improve Boston Scientific's access to a number of attractive segments in the peripheral space, including the growing atherectomy and thrombectomy categories. In 2013, Bayer Interventional generated sales of approximately $120M. Upon completion of the transaction, Bayer Interventional will become part of the existing Boston Scientific Peripheral Interventions business. The agreement calls for an up-front payment of $415M. The company currently expects the transaction to be immaterial to adjusted earnings per share in 2014, accretive by approximately 1c in 2015 and increasingly accretive thereafter. On a GAAP earnings per share basis, the company expects the transaction to be slightly dilutive in 2014, immaterial in 2015, and less accretive than on an adjusted earnings per share basis thereafter as a result of acquisition-related net charges and amortization, which will be determined following the closing. Closing of the transaction is subject to customary conditions, including relevant antitrust clearance, and is expected to occur in the second half of 2014.
News For BSX;BAYRY From The Last 14 Days
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February 26, 2015
06:30 EDTBAYRYBayer says flotation of MaterialScience 'proceeding on schedule'
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February 24, 2015
14:31 EDTBSXBoston Scientific deal for Endo unit would be favorably received, says Needham
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12:40 EDTBSXBoston Scientific may strike deal for Endo AMS unit within weeks, Reuters says
Boston Scientific (BSX) is reportedly close to buying Endo International's (ENDP) AMS medical device unit which could be valued at roughly $2B, reports Reuters, citing people familiar with the matter. The sources said the companies want to finalize a deal "within a matter of weeks" but cautioned that talks are continuing and could still fail. Reference Link
12:14 EDTBSXEndo near deal to sell AMS device unit to Boston Scientific, Reuters says
February 20, 2015
07:23 EDTBAYRYAbbVie replaces Pfizer as top global pharma pick at Jefferies
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07:08 EDTBSXAmerican 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.
06:29 EDTBAYRYBayer close to selling diabetes unit to Panasonic, Bloomberg says
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February 19, 2015
18:25 EDTBAYRYPiper Jaffray biotech analyst to hold analyst/industry conference call
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16:50 EDTBAYRYSanofi appoints Olivier Brandicourt CEO
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14:53 EDTBAYRYBayer near sale of diabetes unit to KKR backed venture, Bloomberg says
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14:01 EDTBAYRYBayer near sale of diabetes unit to KKR's Panasonic Healthcare, Bloomberg says
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February 18, 2015
16:46 EDTBSXOn The Fly: Closing Wrap
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12:36 EDTBSXAnalysts applaud cheaper than expected Boston Scientific settlement
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12:31 EDTBSXOn The Fly: Midday Wrap
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09:10 EDTBSXOn The Fly: Pre-market Movers
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07:41 EDTBSXSettlement 'a big win' for Boston Scientific, says Bernstein
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07:12 EDTBSXBoston Scientific settlement should remove overhang, says Stifel
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07:09 EDTBSXBoston Scientific payment to J&J well below expectations, says Piper Jaffray
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February 17, 2015
18:36 EDTBSXOn The Fly: After Hours Movers
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16:29 EDTBSX Boston Scientific announces settltement of merger agreement lawsuit
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