Month: January 2015

Pharmaceutical distribution company, AmerisourceBergen Corporation ( ABC ) announced that it will acquire MWI Veterinary Supply, Inc. ( MWIV ), a leading animal health distribution company in the U.S, for $190 per share or approximately $2.5 billion. The acquisition price of $190 per share represents an approximate 17.4% premium to the volume weighted average closing price of MWI’s common stock over the three-month period ended Jan 9, 2015. […]

Tenet Healthcare Corp. ( THC ) announced its preliminary results for the fourth quarter of 2014. Concurrently, the company also unveiled its 2015 outlook. […]

TriMas Corporation ( TRS ) has named Bob Zalupski its new chief financial officer (CFO), effective immediately. Zalupski, who joined TriMas in 2002, will replace Mark Zeffiro. Zalupski is currently serving as TriMas’ vice president of finance, corporate development and treasurer […]

The race among drug makers in the field of immuno-oncology is heating up with Merck & Co. Inc. ( MRK ) disclosing its plans to accelerate the submission of regulatory applications for its key drugs in the oncology and hepatitis C virus (HCV) programs […]

Manufacturer and marketer of medical devices, Mindray Medical International Limited ( MR ), has announced preliminary results for full year 2014 and also provided guidance for the current year. For 2014, Mindray Medical expects net revenue to increase approximately 8.6% on a year-over-year basis to $1.32 billion, in line with the current Zacks Consensus Estimate. Based on the estimated revenue figure, management expects non-GAAP net income to decline 7.2% to $220 million in 2014 […]

Infosys Public Services, a subsidiary of technology firm Infosys Ltd. ( INFY ), has recently boosted the biggest U.S. […]

People's United Financial Inc. ( PBCT ) is set to report fourth-quarter and full year 2014 results on Thursday, Jan 15. […]

Federal Realty Investment Trust ( FRT ), the Rockville, MD-based retail real estate investment trust (“REIT”) announced the acquisition of a controlling interest in San Antonio Shopping Center for a total value of $62.2 million. In fact, Federal Realty has been eyeing this 376,000 square-foot shopping center, located in Mountain View, CA, for quite some time. […]

Seattle Genetics, Inc. ( SGEN ) and partner Bristol-Myers Squibb Company ( BMY ) have inked a deal to develop an investigational combination of the former’s antibody-drug conjugate, Adcetris and the latter’s immunotherapy, Opdivo. […]

TransDigm Group Inc. ( TDG ) has been benefitting from the strong performance of its aftermarket business, which deals in providing components to a large and growing installed base of aircraft. The company, which generates a large part of its revenues (around 54%) from the aftermarket sales, expects the uptrend to continue in the future given the existing economic conditions […]

Specialty orthopedic company, Wright Medical Group, Inc. ( WMGI ), recently announced preliminary results for the fourth quarter and full year 2014. […]

Zacks Investment Research upgraded Robert Half International Inc ( RHI ) to a Zacks Rank #1 (Strong Buy) on Jan 7 on the back of rising estimates revision ahead of its fourth quarter 2014 results expected to be reported on Jan 29. The staffing firm is expected to post a solid performance in the soon to be reported quarter as it has been consistently seeing an increase in staffing demand. […]

Ascena Retail Group Inc. ( ASNA ) posted sales data for its holiday period stretching from Nov 22, 2014 through Jan 4, 2015. Though consolidated comparable store sales (comps) for the period climbed 2%, lower-than-expected performance and a discouraging outlook for the Justice brand triggered management to lower its earnings per share guidance for fiscal 2015 […]