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Stock Market & Financial Investment News

News Breaks
July 27, 2014
15:12 EDTHSP, FMS, DANOY, NSRGY Hospira in talks to acquire Danone medical nutrition business, FT says
French consumer company Danone (DANOY) has been in negotiations to sell its medical nutrition business to Hospira (HSP) in a deal said to value the unit at $5B, says the Financial Times. The deal would also allow for U.S. based Hospira to domicile its tax base in Europe in a tax strategy known as an inversion, added the Financial Times. In prior reports, Nestle (NSRGY) and Fresenius (FMS) have also been mentioned as suitors for the Danone unit. Reference Link
News For DANOY;HSP;NSRGY;FMS From The Last 14 Days
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November 19, 2014
14:11 EDTDANOY, FMSFresenius, Permira made joint bid for Danone nutrition unit, WSJ reports
Fresenius SE, the German parent company of Fresenius Medical (FMS), and buyout firm Permira made a joint bid for Danone’s (DANOY) medical nutrition business, according to The Wall Street Journal, citing people familiar with the matter. Danone has set early next week as the deadline for others to bid, though one of the people said the joint bid is currently the only one on the table, the report noted. Reference Link
13:47 EDTFMS, DANOYFresenius, Permira made joint bid for Danone nutrition unit, DJ reports
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November 17, 2014
07:21 EDTHSP, DANOY, FMS, NSRGYDanone mulls IPO for nutrition unit as sale talks disappoint, Reuters says
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November 14, 2014
07:14 EDTHSPAmerican College of Rheumatology is holding a meeting
2014 ACR/ARHP Annual Meeting is being held in Boston on November 14-19.
05:42 EDTNSRGYNestle to explore strategic options for development of Davigel
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November 13, 2014
06:43 EDTFMSFresenius Medical to acquire Cogent Healthcare, financial terms not disclosed
Fresenius Medical Care AG & Co. KGaA announced that Sound Physicians has entered into an agreement to acquire Cogent Healthcare with more than 650 providers, who offer hospitalist and intensivist services to more than 80 hospitals throughout the United States. Combined, the expanded Sound Physicians organization will now serve over 180 hospitals in 35 states with more than 2,250 providers including physicians and advanced care practitioners. Fresenius Medical Care is the majority shareholder in Sound. The company expects Cogent to generate approximately $250M in revenue in 2015 and expects the investment to be accretive to earnings within 18-24 months after closing including the transaction/integration cost and potential synergies. The investment will be financed through available cash. The parties involved agreed not to disclose the financial terms of the acquisition. The parties expect the transaction, which remains subject to regulatory clearance, to close this quarter.
November 10, 2014
15:54 EDTHSP, FMSAmerican Society of Nephrology to hold a conference
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