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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:12 EDTDANOY, HSPHospira to obtain financial benefits from possible Danone deal, says Wells Fargo
After multiple media sources reported that Hospira (HSP) is in talks to buy Danone's (DANOY) medical nutrition business in a potential tax inversion deal, Wells Fargo estimates that the deal could be 9%-12% accretive to Hospira's EPS in 2015-2017 if it's an all-stock deal and 20%-22% accretive if it's a 50%/50% cash and stock deal. The firm The firm estimates that Hospira's tax bill would be cut to 21% in 2015 and 19% afterwards, from its current forecast of 24%-26% during those years. The firm thinks the strategic rationale for the deal from Hospira's perspective, however, is less clear. It keeps a Market Perform rating on the stock.
News For HSP;DANOY From The Last 14 Days
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November 26, 2014
06:29 EDTDANOYDanone considering sale of Yakult stake, Bloomberg reports
Danone (DANOY) is contemplating the sale of its 20% stake in Japanese dairy-drink producer Yakult Honsha, Bloomberg reports, citing people familiar with the matter. The stake is worth about $2B, Bloomberg adds. Reference Link
November 19, 2014
14:11 EDTDANOYFresenius, 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 EDTDANOYFresenius, Permira made joint bid for Danone nutrition unit, DJ reports
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November 17, 2014
07:21 EDTDANOY, HSPDanone 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.

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