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Stock Market & Financial Investment News

News Breaks
April 1, 2014
05:26 EDTCRLCharles River Labs sees acquisition of CRO services accretive to FY14 EPS by 10c
Charles River Laboratories International announced that it has completed the previously announced acquisition of the CRO services division of Galapagos NV, which includes both Argenta and BioFocus. The acquisition positions Charles River as a full service, early-stage contract research organization, or CRO, with integrated in vitro and in vivo capabilities from target discovery through preclinical development. The acquisition is expected to add approximately 6% to Charles Riverís net sales in 2014. It is also expected to be accretive to non-GAAP EPS in 2014 by approximately 10c. Items excluded from non-GAAP earnings per share are expected to include all deal-related costs including amortization of intangible assets.
News For CRL From The Last 14 Days
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October 15, 2014
06:33 EDTCRLCharles River Labs upgraded to Buy from Neutral at SunTrust
SunTrust upgraded Charles River Labs to Buy and raised estimates to reflect DSA segment revenue growth, an early stage industry recovery that creates long-term performance potential, and views valuation as attractive. Price target is $70.

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