Abbott to acquire Alere for $5.8 billion

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.

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Alere Shareholder Sees Increased Stock Value if Asset Sales Plan is Followed.

A group of Alere shareholders expressed their desire to exit its non-core businesses and wants support at its annual board meeting.

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