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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:43 EDTBDX, PODDInsulet enters settlement and license agreement with Becton Dickinson
Insulet disclosed in a regulatory filing Friday night that on June 23 the company entered into a settlement and license agreement with Becton, Dickinson and Company (BDX) to settle the pending patent infringement lawsuit brought by BD against the company. In exchange for a release of claims, covenant not to sue and license to the patents in suit from BD, the settlement agreement provides that the company will make a one-time payment of $5M to BD and give BD a license to a single company patent relating to an environmental seal for a fluid delivery device. In addition to the settlement payment, it is expected that the company’s legal and other expenses associated with the lawsuit will be up to approximately $2.0M in the second quarter. Following the company’s payment of the settlement payment, the parties will promptly move to dismiss the pending lawsuit by BD, Insulet noted.
News For PODD;BDX From The Last 14 Days
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December 17, 2014
05:48 EDTBDXBecton Dickinson named 2015 large cap top pick at Piper Jaffray
Piper Jaffray raised its price target for Becton Dickinson (BDX) shares to $160 from $141 and called the stock its 2015 large cap top pick. Piper expects upside to management's CareFusion (CFN) merger earnings accretion guidance and sees potential gross margin benefit from falling oil prices. The firm keeps an Overweight rating on the stock. Shares of the medical technology company closed yesterday down $1.71 to $134.04.
December 8, 2014
10:00 EDTPODDOn The Fly: Analyst Initiation Summary
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08:31 EDTBDXBecton Dickinson and CareFusion sets date for special meeting in proposed merger
Becton, Dickinson (BDX) and CareFusion (CFN) announced that CareFusion expects to hold a special meeting on January 21, 2015 for CareFusion stockholders to consider and vote upon the proposed merger of CareFusion and BD. As previously announced on October 5, 2014, BD and CareFusion entered into a definitive agreement pursuant to which BD would acquire CareFusion in a stock and cash transaction. CareFusion stockholder approval is a condition to the merger. In addition to CareFusion stockholder approval, the proposed acquisition remains subject to certain other conditions and approvals, including approval of the proposed acquisition by the European Commission under the European Union Merger Regulation. CareFusion has fixed the close of business on December 18, 2014 as the record date for the purpose of determining the stockholders who are entitled to notice of, and to vote at, the special meeting.
07:16 EDTPODDInsulet initiated with an Outperform at Cowen
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