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Stock Market & Financial Investment News

News Breaks
December 21, 2012
17:18 EDTIDXXIDEXX announces FTC preliminary approval of consent agreement
IDEXX Laboratories announced that the commissioners of the U.S. FTC have preliminarily approved the consent agreement previously reached between the company and the staff of the FTC Bureau of Competition. Pursuant to FTC protocol, a proposed draft complaint and the proposed consent agreement, which includes a draft consent order, will be placed on public record for a 30-day comment period, after which the FTC will evaluate any public comment before finalizing the agreement and order. "While we admit no wrongdoing and continue to believe that our distribution practices do not violate the antitrust laws as these same practices have been upheld in previous litigation victories, this is another important step toward final resolution of the multi-year FTC investigation, which we now expect to occur early in 2013," the company said.
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September 15, 2014
08:11 EDTIDXXIDEXX price target lowered to $139 from $148 at Canaccord
Canaccord lowered its price target on IDEXX to $139 from $148 citing near-term multiple compression due to uncertainty following the company's decision to pursue an all-direct sales force. Canaccord maintains its Buy rating on IDEXX.

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