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Stock Market & Financial Investment News

News Breaks
May 7, 2014
03:19 EDTBSXBoston Scientific acquires IoGyn
Boston Scientific has signed a definitive agreement to acquire IoGyn, a pre-commercial stage company. The transaction is expected to close within days. IoGyn has developed and received U.S. Food and Drug Administration, FDA, clearance for the Symphion System, a next generation system for hysteroscopic intrauterine tissue removal including fibroids and polyps. This acquisition enables the pairing of the Symphion System with the Boston Scientific Genesys HTA System for abnormal uterine bleeding, to create a compelling set of gynecologic surgery products.Prior to the acquisition, Boston Scientific held approximately 28% equity ownership, in addition to notes receivable of approximately $8M. Total consideration included a net cash payment of approximately $65M at closing to acquire the remaining 72% of IoGyn and repay outstanding debt. Boston Scientific expects the transaction to have an immaterial impact on its adjusted earnings per share in 2014 and 2015, and to be accretive starting in 2016. On a GAAP earnings per share basis, Boston Scientific expects the transaction to be slightly accretive in 2014 as a result of a non-cash acquisition-related gain on its previously held equity investment, immaterial in 2015 and 2016, and to be less accretive than adjusted earnings per share thereafter as a result of acquisition-related net charges and amortization, which will be determined following the closing.
News For BSX From The Last 14 Days
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October 23, 2014
10:01 EDTBSXOn The Fly: Analyst Upgrade Summary
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05:33 EDTBSXBoston Scientific upgraded to Neutral from Sell at Goldman
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October 22, 2014
14:17 EDTBSXBoston Scientific upgraded to Buy from Hold at Benchmark Co.
Price target $15.
09:21 EDTBSXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
08:43 EDTBSXBoston Scientific hasn't changed strategy in selling Synergy in Europe
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08:25 EDTBSXBoston Scientific sees foreign exchange to be $55M headwind in FY14
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08:16 EDTBSXBoston Scientific 'well ahead' of delivering EPS, revenue expectations
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07:07 EDTBSXBoston Scientific raises FY14 adjusted EPS to 81c-83c from 79c-83c
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07:06 EDTBSXBoston Scientific sees Q4 adjusted EPS 20c-22c, consensus 21c
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07:05 EDTBSXBoston Scientific reports Q3 adjusted EPS 20c, consensus 20c
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October 21, 2014
15:35 EDTBSXNotable companies reporting before tomorrow's open
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09:03 EDTBSXBoston Scientific receives FDA and CE Mark approvals for CoverEdge leads
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October 20, 2014
08:16 EDTBSXBoston Scientific initiates PLATINUM Diversity trial
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07:20 EDTBSXInternational Continence Society to hold annual meeting
ICS Annual Meeting 2014 is being held in Rio de Janeiro, Brazil on October 20-24.
07:11 EDTBSXAmerican Society for Reproductive Medicine to hold annual meeting
2014 Annual Meeting of ASRM is being held in Honolulu on October 18-22.

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