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Stock Market & Financial Investment News

News Breaks
March 11, 2013
19:49 EDTLIFE, DHR, KKR, TMOKKR considering teaming for Life Technologies bid, WSJ reports
KKR (KKR) is considering teaming with other private equity firms in an effort to bid for Life Technologies (LIFE), according to a Wall Street Journal report that cites people familiar with the matter. The report also cites other sources who say that Danaher (DHR) and Thermo Fisher (TMO) are also considering bidding for Life, which is valued at over $12.5B including debt. Reference Link
News For LIFE;DHR;KKR;TMO From The Last 14 Days
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October 17, 2014
08:52 EDTDHRDanaher valuation remains attractive, says Bernstein
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07:26 EDTDHRDanaher weakness a buying opportunity, says Argus
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06:40 EDTKKRSysco aiming for asset sales to help complete US Foods deal, Reuters says
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October 16, 2014
06:39 EDTKKRKKR announces minority investment in arago AG
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06:05 EDTDHRDanaher sees Q4 EPS $1.00-$1.04, consensus $1.04
Included in this range is approximately $125M, or approximately 13c per diluted share, of anticipated productivity charges that are partially offset by an approximate 7c per diluted share anticipated gain on the sale of marketable securities. Thomas P Joyce, Jr., president and CEO, stated, "The Danaher team executed well, using the Danaher Business System to expand margins, generate strong cash flow performance, drive meaningful share gains and deliver better-than-expected earnings. As we plan for 2015, we remain mindful of the challenging macroeconomic outlook including the recently stronger dollar. However, we believe our focus on high-impact growth investments and margin expansion, combined with our robust balance sheet and M&A capacity, position us to finish 2014 well and drive long term results."
06:02 EDTDHRDanaher reports Q3 EPS 95c, consensus 89c
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October 15, 2014
15:28 EDTDHRNotable companies reporting before tomorrow's open
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October 14, 2014
14:21 EDTTMOThermo Fisher confirms review of alleged Kinetica bugs, Reuters reports
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13:09 EDTKKRGlaxoSmithKline seeks binding bids for mature drugs, Reuters reports
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October 13, 2014
09:49 EDTDHRNetScout expects synergies to be achieved as both businesses are combined
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07:31 EDTDHRNetScout to host conference call
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06:55 EDTDHRDanaher sees Q3 adjusted EPS 90c, consensus 89c
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06:49 EDTDHRDanaher to merge communications business with NetScout for $41.91 per share
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06:48 EDTDHRNetScout Systems to acquire Danaher's Communications business for $2.6B
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06:47 EDTDHRDanaher to merge communications business with NetScout for $41.91 per share
October 8, 2014
07:08 EDTKKRKKR coverage assumed with an Outperform at Credit Suisse
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October 7, 2014
13:59 EDTKKRKKR invests in Lemonade Restaurant Group, terms not disclosed
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10:08 EDTKKRSodaStream sinks after Q3 profit warning
Shares of SodaStream International (SODA) are sinking this morning after the company warned that revenue for the third quarter of 2014 will come in well below Wall Street estimates. SodaStream develops, manufactures and markets home beverage carbonation systems and related products. WHAT'S NEW: This morning, SodaStream reported preliminary Q3 revenue of $125M, significantly missing analysts' consensus estimate of about $154M. The company said it expects operating income of about $8.5M for the quarter. Chief Executive Officer Daniel Birnbaum cited an underperformance in the U.S. market as the primary driver of the quarterly shortfall, and said the results are an indication that the company must alter its course and improve its execution. Birnbaum said in a statement that the company is "very disappointed" by its recent performance, noting that it has "not succeeded in attracting new consumers to our home carbonation system at the rate we believe should be achieved." Birnbaum said the company has started a strategic shift towards health and wellness, mostly in the U.S., where he believes the message "will resonate more strongly" with customers. In addition, SodaStream is developing a growth plan, and more details are expected when Q3 results are reported later this month. WHAT'S NOTABLE: The carbonated beverage machine company has been the subject of buyout rumors for months. In July, Bloomberg reported that the company was in talks to go private for around $40 per share. In September, Israel's TheMarker said SodaStream was in talks to sell itself to a British investment fund for $840M, or $40 per share. SodaStream has also been rumored as an acquisition target for beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), The Independent reported last month. In July, SodaStream cut its fiscal year 2014 revenue growth view to 5% from 15% and cut its FY14 net income expectations to a 5% decrease from a 3% increase. At that time, the company said it believed sales trends for sodamakers would remain challenging in the U.S. in the second half of the year. PRICE ACTION: In mid-morning trading, SodaStream shares dropped $5.72, or 21%, to $21.85.

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