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Stock Market & Financial Investment News

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June 23, 2014
11:46 EDTGRFSGrifols shares off lows, remain down over 2%
Shares of Barcelona-based healthcare company Grifols remain lower in midday trading, but are well off their lows of the day. The Foreign Corrupt Practices Act blog last Thursday wrote about the company's recent disclosure of ongoing corruption investigations across Europe and in South America and Asia. Grifols stated in an April 4 regulatory filing, "We are continuing an internal investigation into potential violations of the FCPA by Talecris relating to events prior to the Talecris acquisition. The FCPA investigation is being conducted by outside counsel under the direction of the Board. In July 2009, Talecris voluntarily contacted the DOJ to advise it that it was conducting an internal investigation into potential violations of the FCPA. The investigation into possible improper payments to individuals and entities made after Talecris’ formation initially focused on payments made in connection with sales in certain Eastern European and Middle Eastern countries, primarily Belarus, Russia and Iran, but we are also reviewing sales practices in Brazil, Bulgaria, China, Georgia, Libya, Poland, Turkey, Ukraine and other countries as deemed appropriate." Shares of Grifols are down $1.12, or 3%, to $43.70 in midday trading. Reference Link
News For GRFS From The Last 14 Days
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October 9, 2014
10:00 EDTGRFSOn The Fly: Analyst Downgrade Summary
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06:29 EDTGRFSGrifols downgraded to Neutral from Buy at BofA/Merrill
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