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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:58 EDTCVDCovance price target raised to $115 from $105 at Jefferies
Jefferies raised its price target for Covance shares to $115 citing the company's earnings power and expectations that consensus estimates can go higher. The firm keeps a Buy rating on the stock.
News For CVD From The Last 14 Days
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February 23, 2015
05:41 EDTCVDLabCorp upgraded to Overweight from Neutral at Piper Jaffray
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February 19, 2015
09:22 EDTCVDLabCorp completes acquisition of Covance
LabCorp (LH) announced the completion of its acquisition of Covance (CVD), following its entry into a definitive purchase agreement on November 2, 2014. At closing, the purchase consideration was valued at $107.19 per Covance share, consisting of $75.76 in cash and 0.2686 LabCorp shares for each Covance share, or an equity value of approximately $6.2B and an enterprise value of approximately $5.7B. The closing of the transaction follows the receipt of all necessary regulatory requirements and approval of the transaction by Covance shareholders on February 18. With the closing of the transaction, Covance common stock will cease trading and will no longer be listed on the NYSE.
February 18, 2015
09:27 EDTCVDCovance stockholders approve acquisition by LabCorp
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