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Stock Market & Financial Investment News

News Breaks
June 30, 2014
19:13 EDTCOOCooper Companies to acquire Saulfon Pharmaceuticals for $1.2B
The Cooper Companies announced it has entered into definitive agreements to acquire Sauflon Pharmaceuticals, a European manufacturer and distributor of soft contact lenses and solutions, in a transaction valued at approximately $1.2B. Sauflon forecasts revenue of approximately $210M for FY14, up approximately 22% year-over-year. Excluding one-time charges and deal-related amortization, the transaction is expected to be accretive to EPS in FY15. The acquisition will be financed with off-shore cash and credit facilities.
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September 11, 2014
12:29 EDTCOOCooper Companies reaffirms Q4, FY14 EPS/ revenue guidance given on Sept. 4
Guidance reaffirmed in presentation slides at 2014 analyst meeting.
12:27 EDTCOOCooper Companies sees FY15 adjusted EPS $8.20-$8.60, consensus $8.40
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