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Stock Market & Financial Investment News

News Breaks
June 27, 2014
06:30 EDTFMSFresenius Medical to take $600M stake in Sound Inpatient Physicians
Fresenius Medical Care has entered into an agreement to invest approximately $600M in Sound Inpatient Physicians to become majority shareholder as part of a recapitalization of Sound, alongside existing investor TowerBrook Capital Partners and Soundís senior leadership team. The transaction is subject to customary closing conditions and is expected to close within the next ten days.
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July 27, 2014
15:12 EDTFMS 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

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