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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:13 EDTFMS, DANOY, NSRGYNestle 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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December 15, 2014
11:21 EDTFMSCytoSorbents enters strategic partnership with Fresenius Medical
CytoSorbents announced that they have entered into a multi-country strategic partnership with Fresenius Medical Care AG & CO KGaA to commercialize CytoSorbents' CytoSorb therapy. Under the terms of the agreement, Fresenius Medical Care will have the exclusive rights to distribute CytoSorb for critical care applications in France, Poland, Sweden, Denmark, Norway, and Finland. This multi-year agreement is subject to annual minimum guaranteed orders of CytoSorb to maintain exclusivity.
December 12, 2014
06:44 EDTDANOYDanone backs 2014 organic growth target of 4.5%
Backs 2014 trading operating margin down less than 20 basis points like-for-like. Backs 2014 free cash flow to be between EUR1.3B-EUR1.4B. Danone said it will continue to expand capacity rapidly and build development platforms in fast-growing regions, particularly Asia and Africa. Investments made for this purpose over the past two years have resulted in a higher use of debt than in the past, at a level that could imply a credit rating one notch lower, and that is appropriate for this current period of development given the company’s sound cash-flow outlook and debt structure.
06:42 EDTDANOYDanone to keep Medical Nutrition business, Reuters reports
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December 11, 2014
07:40 EDTFMSBofA/Merrill to hold a field trip
European Medtech Field Trip is being held in Copenhagen, Denmark on December 11-12.
07:13 EDTDANOY, FMSDanone to discuss whether to keep or sell medical nutrition unit, Reuters says
According to a source, Danone (DANOY) will hold a board meeting today to discuss whether to keep or sell its medical nutrition business, Reuters reports. Previous reports said Danone's board would decide whether to sell the unit to Hospira (HSP) or Fresenius (FMS), with Fresenius as the possible front-runner to enter exclusive talks. Reference Link

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