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TPG Capital To Acquire Immucor For $1.97 B
Tuesday, July 5, 2011 - 8:31am | 88Immucor Inc (NASDAQ: BLUD) agreed to be bought by TPG Capital in a deal worth $1.97 billion or $27 per share in cash.. The price represents a 30% premium over BLUD's closing share price on July 1. The transaction is likely to close in the second half of this year. The deal was unanimously...
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Immucor Enters Into Definitive Agreement to be Acquired by TPG Capital for $27/Share in Cash
Tuesday, July 5, 2011 - 8:01am | 187Immucor, Inc. (Nasdaq: BLUD) today announced that it has entered into a definitive agreement to be acquired by investment funds managed by TPG Capital in a transaction with a fully diluted equity value of $1.973 billion. Under the terms of the agreement, Immucor shareholders will receive $27.00 in...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Piper Jaffray Reiterates Overweight and PT of $6 on TranS1
Friday, July 1, 2011 - 9:06am | 42Piper Jaffray reiterated its Overweight rating on TranS1 (NASDAQ: TSON). At the same time, the rating agency left its price target on the company's stock unchanged at $6. On Thursday, TranS1 ended the day at $4.58.
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Citi Reiterates Hold on Cooper Companies
Tuesday, June 28, 2011 - 6:53am | 44Citi reiterated its Hold rating on Cooper Companies (NYSE: COO). At the moment, Citi has a price target of $78 placed on the company's stock. On Monday, Cooper lost 0.74% of its value to finish the day at $75.44.
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Top 4 NASDAQ Stocks In The Medical Instruments & Supplies Industry With The Highest Profit Margin
Tuesday, June 28, 2011 - 1:10am | 125Below are the top medical instruments & supplies stocks on the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Conceptus Inc (NASDAQ: CPTS) is 60.82%. CPTS' ROE for the same period is 76.52%. The trailing-twelve-month profit margin at ATRION Corporation (NASDAQ:...
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Quebec's Absolute Return Flop?
Friday, June 24, 2011 - 6:25am | 2242Woke up at 5:30 this morning and headed to the gym. My new routine now is get up early and head for a hard workout first thing in the morning, but when I got there, the gym was closed because it's St-Jean Baptiste Day, a national holiday in Quebec. I'm pissed, it's raining, haven't been to the gym...
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[UPDATE: FAKE?] Mac OS X Lion coming July 14th; iOS 5 coming September 7th
Thursday, June 23, 2011 - 8:00pm | 475RazorianFly is reporting that it has been sent a PDF document for Apple Certified Technicians, detailing Mac OS X Lion and iOS 5. The document is mainly focused at informing technicians that they may not service unauthorized products that run on Mac OS X Lion and/or iOS 5. However, the “Apple...
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Morgan Keegan Maintains Outperform on The Cooper Companies
Thursday, June 23, 2011 - 7:29am | 148Morgan Keegan is out with its report today on The Cooper Companies (NYSE: COO), maintaining Outperform. In a note to clients, Morgan Keegan writes, "We recently had a chance to meet with management, including the chief medical officer of CooperSurgical. In summary, we continue to see a five-year...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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News Summary
Wednesday, June 22, 2011 - 9:39am | 217Shares of FedEx Corp (NYSE: FDX) rose about 3% after the company reported a 33% rise in its fiscal fourth-quarter profit. FedEx reported its quarterly profit at $558 million, or $1.75 per share, up from $419 million, or $1.33 per share, in the year-earlier period. Its total revenue climbed 12% to $...
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US Stock Futures Down, Fed In Focus
Wednesday, June 22, 2011 - 6:17am | 531US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...
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Neogen Acquires VeroMara from GlycoMar; Terms Not Disclosed
Monday, June 20, 2011 - 8:45am | 85Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired the assets of the VeroMara seafood testing laboratory from its parent company, GlycoMar Ltd. Based in Oban, Scotland, VeroMara offers testing services to the shellfish and salmon aquaculture industries. VeroMara's services...