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July 29, 2014
08:15 EDTENZ, RHHBY, LMNX, LIFE, ILMN, HOLX, BDX, A, AFFX, ABT, SIEGYEnzo Biochem announces August 18 as date of Markman hearing in lawsuit
Enzo Biochem (ENZ) announced today that U.S. District Judge Leonard P. Stark has established August 18th as the date for a patent claim construction hearing, also called a Markman hearing, involving Enzo Life Science’s U.S. Patents Nos. 6,992,180, 7,064,197, and 8,097,405. The hearing will be held in Delaware District Court. One or more of these patents is asserted against Abbott Labs (ABT), Affymetrix (AFFX), Agilent (A), Becton Dickinson (BDX), Gen-Probe, Hologic (HOLX), Illumina (ILMN), Life Technologies (LIFE), Luminex (LMNX), Roche (RHHBY), and Siemens (SIEGY), and their related entities. At such a hearing, the Judge will be asked to issue rulings regarding the language and interpretation of Enzo's patents at issue in the case. Markman hearings are considered a key event in a patent lawsuit. The upcoming Markman ruling will define the property rights for the technologies that Enzo has invented. Such rulings often drive and inform many aspects of the litigation.
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September 20, 2014
15:43 EDTRHHBYInterMune reports MOU in connection with consolidated Delaware action
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September 19, 2014
17:10 EDTSIEGYGeneral Electric considers deal with Dresser-Rand, FT reports
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15:02 EDTSIEGYSiemens receives order for 175 light rail cars from San Francisco
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12:40 EDTSIEGYOn The Fly: Midday Wrap
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11:25 EDTABTSenators bring bill requiring companies to settle before inverting
U.S. Senators Sherrod Brown and Dick Durbin announced new legislation requiring corporations to "Pay What You Owe Before You Go" – settling their U.S. tax bill before relocating to a foreign country. "Everyone knows that before you leave a restaurant you have to settle your tab," Brown said. "Corporations shouldn’t get to play by different rules. While it is critical that we reach a long-term solution that reforms our international corporate tax code by implementing a global minimum tax and reducing the statutory tax rate, this bill is an immediate, commonsense measure to ensure businesses settle up before leaving the U.S." Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Allergan (AGN).
09:19 EDTSIEGYOn The Fly: Pre-market Movers
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07:43 EDTSIEGYDresser-Rand volatility expected to move on Siemens is preparing offer report
Dresser-Rand (DRC) volatility is expected to move on Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, Bloomberg reports, citing people familiar with the plan. Overall option implied volatility of 38 compares to its 26-week average of 31 according to Track Data, suggesting large price movement.
06:44 EDTSIEGYSiemens preparing at least $85/share bid for Dresser-Rand, Bloomberg says
Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, for Dresser-Rand (DRC), Bloomberg reports, citing people familiar with the plan. Siemens is looking to offer a competing bid to Sulzer's for Dresser-Rand. Germany's Sulzer confirmed it was in takeover talks with Dresser-Rand on Wednesday. Siemens’s supervisory board could vote on whether to submit a formal bid at a September 24 meeting, Bloomberg added, citing a source. Shares of Dresser-Rand closed yesterday up 22c to $73.03. Analysts at William Blair yesterday said the company could be worth in the upper $80's to $100 per share in a takeover.
06:35 EDTSIEGYReport says Siemens planning Dresser-Rand bid, Reuters says
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September 18, 2014
18:46 EDTSIEGYCerner receives regulatory clearance for acquisition of Siemens Health Services
Cerner (CERN) announced the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the company's purchase of the assets of Siemens' (SIEGY) health information technology business unit, Siemens Health Services, for $1.3B in cash. The early termination of the HSR waiting period satisfies one of the conditions to the closing of the pending acquisition. The transaction remains subject to other customary closing conditions and is still expected to close in the first quarter of 2015.
10:05 EDTSIEGYSiemens SOMATOM Scope CT System cleared by FDA
Siemens Healthcare, a unit of Siemens, announced that the Food and Drug Administration has cleared the SOMATOM Scope CT scanner.
10:00 EDTSIEGYOn The Fly: Analyst Downgrade Summary
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06:26 EDTSIEGYSiemens invests undislosed sum in CyActive, WSJ reports
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05:18 EDTSIEGYSiemens downgraded to Neutral from Outperform at Exane BNP Paribas
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September 17, 2014
18:29 EDTAOn The Fly: After Hours Movers
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17:01 EDTAAgilent board approves separation of Keysight, declares special dividend
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16:57 EDTAAgilent creates new group for services, consumables
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16:55 EDTAAgilent announces Mike McMullen to succeed Bill Sullivan as CEO in March 2015
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11:00 EDTRHHBYRoche CEO rules out megadeals, focused on bolt-on acquisitions, WSJ says
Roche CEO Severin Schwan said the company won't change its acquisition strategy following the recent deals made or abandoned in the pharmaceutical sector, reports the Wall Street Journal. In an interview with WSJ, Shwan said, "We have been very consistent in our approach to M&A." Regarding transformational deal-making, he said, "We have no intention to do that, whatever happens in the industry." Reference Link
07:43 EDTRHHBYBofA/Merrill to hold a conference
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