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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:37 EDTMDCIMedical Action Industries to sell Medegen, other assets of Patient Care business
Medical Action Industries announced that it has signed a definitive agreement to sell its Medegen Medical Products subsidiary and certain other assets of its Patient Care business unit to Medira, an affiliate of Inteplast Group for approximately $75M, subject to certain purchase price adjustments. The transaction is expected to close upon receipt of the required regulatory approvals and the satisfaction of other closing conditions agreed to by the parties. The company anticipates completion of these regulatory approvals and closing conditions within three to four months.
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August 11, 2014
07:44 EDTMDCIMedical Action reports Q1 EPS 0c, one estimate 2c
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