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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:12 EDTHSP, DANOYHospira 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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October 22, 2014
07:21 EDTHSPU.S. DHS investigates medical gear for potential cyber defects, Reuters says
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October 20, 2014
16:20 EDTDANOYOn The Fly: Closing Wrap
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12:37 EDTDANOYOn The Fly: Midday Wrap
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10:14 EDTDANOYMead Johnson volatility elevated, Danone not carrying out a review for takeover
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09:22 EDTDANOYOn The Fly: Pre-market Movers
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08:04 EDTHSPGerman fund pressured to sell Mylan stake over drug used in executions, FT says
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06:00 EDTDANOYDanone acquisition of Mead would not be well received, says Bernstein
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October 19, 2014
14:18 EDTDANOY, HSPFresenius, others explore bid for Danone medical nutrition unit, Reuters says
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13:21 EDTDANOYDanone says not carrying out review on Mead Johnson takeover, Reuters says
In response to reports on Friday that French food company Danone (DANOY) was pursuing a takeover of pediatric nutrition company Mead Johnson (MJN), Danone made a statement on Sunday saying that it was not carrying out a review of a Mead Johnson takeover, says Reuters. Reference Link
October 17, 2014
16:17 EDTDANOYOn The Fly: Closing Wrap
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12:57 EDTDANOYDanone to pursue takeover of Mead Johnson, sources say, Reuters reports
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12:36 EDTDANOYDanone will pursue Mead Johnson takeover, sources say, Reuters reports
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October 15, 2014
08:28 EDTDANOYDanone reports Q3 like-for-like sales up 6.9% to EU 5.42B
Danone confirmed its 2014 targets of sale growth between 4.5%-5.5%, trading operating margin stable within a range of down 20bps and up 20bps and free cash-flow of around EU 1.5B excluding exceptional items.
October 14, 2014
11:23 EDTHSPBIND Therapeutics and The Conference Forum hold a conference
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