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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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March 23, 2015
09:03 EDTHSPPfenex announces early HSR clearance for collaboration with Hospira
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March 17, 2015
06:46 EDTDANOYDanone says doesn't need major acquisition, Reuters reports
Danone doesn't need to make a major acquisition "to be operational," its CEO said at a conference today, according to Reuters. Reference Link
March 16, 2015
10:36 EDTHSPPfenex removes three candidates from Strides Acrolab agreement
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07:16 EDTDANOYConsumer Analyst Group of Europe to hold a conference
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