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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:13 EDTNSRGY, DANOY, FMSNestle among groups looking at Danone's Medical Nutrition unit, Reuters says
Nestle (NSRGY) and Fresenius (FMS) are among the four groups that have shown interest in purchasing Danone's (DANOY) Medical Nutrition unit, according to Reuters, citing French daily newspaper Les Echos. Reference Link
News For NSRGY;DANOY;FMS From The Last 14 Days
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October 31, 2014
08:53 EDTDANOYDanone acquisition less likely after Yashili stake, says Citigroup
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08:52 EDTDANOYMead Johnson drops after Danone invests in Chinese milk powder maker
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06:18 EDTDANOYDanone to buy 25% stake in Chinese milk powder maker Yashili
Danone, Mengniu and Yashili announced that they have signed an agreement allowing Danone to take part in a private placement by Yashili totaling EUR 437M, at a price of HK$3.70 per share. The transaction will give Danone an equity stake of 25% in Yashili, which is one of the People’s Republic of China’s main infant milk companies. As part of this agreement, Danone will recommend candidates to serve as Yashili’s CEO. Through this alliance, Danone, Mengniu and Yashili intend to expand and strengthen their cooperation in the infant milk formula business in the People’s Republic of China. The parties will study the possibility of an equity investment in Danone’s subsidiary Dumex China with a comparable minority stake. This transaction extends the scope of the strategic alliance in fresh dairy products first established in 2013 between Mengniu, Danone and COFCO, China’s leading state-owned company in the food sector.
October 30, 2014
08:28 EDTDANOYDanone upgraded to Buy from Neutral at Citigroup (yesterday)
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October 22, 2014
13:35 EDTFMSFresenius Medical acquires National Cardiovascular Partners
Fresenius Medical Care announced the acquisition of National Cardiovascular Partners, or NCP. The parties involved agreed not to disclose the financial terms of the acquisition. The company expects NCP to generate in excess of $200M in revenue in 2015 and expects the investment to be accretive to earnings in the first year after closing. The investment will be financed through available cash and committed credit facilities, supplemented by additional debt financing. NCP is the leading operator of endovascular, vascular and cardiovascular services in the comfort and convenience of the outpatient setting. In partnership with over 200 physicians, NCP operates 21 outpatient vascular centers in six states.
October 20, 2014
16:20 EDTDANOYOn The Fly: Closing Wrap
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12:37 EDTDANOYOn The Fly: Midday Wrap
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10:14 EDTDANOYMead Johnson volatility elevated, Danone not carrying out a review for takeover
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09:22 EDTDANOYOn The Fly: Pre-market Movers
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06:00 EDTDANOYDanone acquisition of Mead would not be well received, says Bernstein
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October 19, 2014
14:18 EDTDANOY, FMSFresenius, others explore bid for Danone medical nutrition unit, Reuters says
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13:21 EDTDANOYDanone says not carrying out review on Mead Johnson takeover, Reuters says
In response to reports on Friday that French food company Danone (DANOY) was pursuing a takeover of pediatric nutrition company Mead Johnson (MJN), Danone made a statement on Sunday saying that it was not carrying out a review of a Mead Johnson takeover, says Reuters. Reference Link
October 17, 2014
16:17 EDTDANOYOn The Fly: Closing Wrap
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12:57 EDTDANOYDanone to pursue takeover of Mead Johnson, sources say, Reuters reports
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12:36 EDTDANOYDanone will pursue Mead Johnson takeover, sources say, Reuters reports
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