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Stock Market & Financial Investment News

News Breaks
December 24, 2012
05:31 EDTCOOCooper Companies reduced rate to CIBA a positive, says William Blair
William Blair notes that Cooper Companies on Friday night announced it had entered an amendment related to its license agreement with CIBA Vision which lowered the royalty rate Cooper pays on each silicone hydrogel product it sells. William Blair estimates that the royalty rate is now 4%-5% for each silicone hydrogel sold, compared with 8% previously, based on Cooper's increased earnings guidance. The firm recommends investors accumulate shares of Cooper Companies at these levels and keeps an Outperform rating on the name.
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October 8, 2014
16:04 EDTCOOCooper Companies' women's healthcare unit acquires EndoSee for $44M
Cooper Companies' women's healthcare unit CooperSurgical has acquired EndoSee Corporation, a developer of an office-based disposable hysteroscopy system. The transaction is valued at approximately $44M and is expected to be neutral to FY15 EPS excluding one-time charges and deal-related amortization. The product has been cleared by the FDA and the company plans to launch it in the U.S. in the middle of FY15.

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