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Stock Market & Financial Investment News

News Breaks
July 23, 2014
06:24 EDTMJN, DANOYMead Johnson could be worth $120-$130 in a takeout, says Citigroup
Citigroup says a Wall Street Journal article yesterday about Danone (DANOY) launching a strategic review has renewed speculation in the company being a potential acquirer of Mead Johnson (MJN). Citi says a buyout of Mead is in the "realm of possibility," and it estimates the company is worth $120-$130 per share in a takeout. The firm raised its price target for Mead shares to $109 from $105 citing the company's revenue momentum following its Q2 results. Citi reiterates a Buy rating on Mead.
News For MJN;DANOY From The Last 14 Days
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March 4, 2015
17:55 EDTMJNMead Johnson CFO Peter G. Leemputte to step down
Mead Johnson CFO Peter G. Leemputte has decided to leave the company for personal reasons. Effective March 13, he will transition his responsibilities to Charles Urbain, currently Mead Johnsonís Chief Development Officer, who will serve as Interim CFO until a permanent replacement is named. Leemputte will be available to assist in the transition through June 30.
March 2, 2015
09:05 EDTMJNMead Johnson management to meet with JPMorgan
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February 26, 2015
16:12 EDTMJNMead Johnson raises dividend to 41.25c per share from 37.5c per share
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February 20, 2015
06:25 EDTDANOYDanone board to ask shareholders to approve increased dividend of EUR1.50
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06:24 EDTDANOYDanone targets 2015 organic growth in sales of between 4%-5%
Danone assumes that economic conditions will remain difficult and unstable overall, with fragile or even deflationary consumer trends in Europe, emerging markets undermined by volatile currencies, and difficulties specific to a few major markets, in particular the CIS. In 2015, Danone also anticipates marked but varied trends in the cost of major strategic raw materials, particularly milk; lower prices in Europe and the United States in the first half, with a rebound likely in the second half of the year, and gradual price increases in emerging countries all year long. Altogether, Danone anticipates a moderate rise in the cost of main raw materials and packaging in 2015. Sees slight growth in trading operating margin in 2015.
06:22 EDTDANOYDanone reports FY14 EPS EUR2.62
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06:18 EDTDANOYDanone warns of volatility in years ahead, sees 'difficult' conditions in 2015
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