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Stock Market & Financial Investment News

News Breaks
April 11, 2014
08:59 EDTPAHCUpdate: Phibro Animal Health 12.74M share IPO priced at $15.00
The deal size was increased to 12.74M shares from 11.77M shares and priced below the $16.00-$18.00 range. BofA/Merrill, Morgan Stanley and Barclays acted as joint book running managers for the offering.
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January 23, 2015
06:56 EDTPAHCPhibro Animal Health deal brings an attractive opportunity, says Cantor
After Phibro bought distribution rights to MJ Biologics' existing vaccine technologies and rights to additional vaccines that the two companies intend to develop jointly, Cantor thinks the deal could cause Phibro's 2015 EPS to beat its estimate by 2c. The firm is pleased that Phibro also received exclusive overseas distribution rights to MJ's products, as the firm thinks that Phibro will be able to expand MJ's overseas business. The firm keeps a $36 price target and Buy rating on Phibro.
January 22, 2015
16:36 EDTPAHCPhibro Animal announce collaboration, license, and IP acquisition agreements
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