Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
acquisitions
Breaking News
Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
Valeant Pharmaceuticals International Inc (VRX.TO) is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters.
Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.
For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.
After turning around the performance of Elster Group and making divestments last year, London-based investment firm Melrose Industries is ready to start making acquisitions, Bloomberg reported.
France-based electronic trading applications provider Ullink has received a majority investment from Europe-focused private equity firm HgCapital. Financial details were not disclosed in the statement about the funding.
Technology-focused news website VentureBeat searched for and found official documentation confirming 16 of the 23 companies that California-based technology giant Apple purchased in the recent past.
Internet firm Baidu Inc intends to make more acquisitions this year to get more smartphone users in the world's largest smartphone market to patronize its services, Reuters reported.
Weight loss app MyFitnessPal has acquired Sessions, a Rock Health-backed startup that has developed an app that connects individuals with fitness experts who encourage accountability in their workouts, VentureBeat reported.
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.
Google Inc spends more than five biggest rivals combined in US in bid to grow to new markets- report
Compared to the spending of its five biggest US rivals combined, Google Inc has spent more money in the past two years in its effort to reach out to new markets, Bloomberg reported.
Beijing-based 58.com Inc, a classifieds website operator that provides services similar to Craigslist, intends to acquire Chinese Internet companies to enhance its local information services, Bloomberg reported.
Cogeco Cable's recent acquisitions helped spur the quarterly profit of the Canadian cable company that provides cable television and internet and phone services to an 18% increase, Reuters reported.
