The combination could prove strong, and shares remain inexpensive even after this week's gains.
The combination could prove strong, and the shares remain inexpensive even after this week's gains.
Abbott will report second-quarter numbers on Thursday as it completes the Alere deal. $ABT $ALR
Amex pennant pattern will eventually break.
Activists are taking over the stock market.
The deal will see McCormick & Company pay $4.2 billion
But rig supply needs to drop and the industry needs to consolidate further before offshore operations will again pay a dividend.
Shares surge on talk of Scripps merger with Discovery Communications
The 2 big deals just announced are defensive, not growth makers.
Thierry Vanlancker will take over the CEO position.
The Wall Street Journal reported the pair have resumed merger talks.
Netflix was up 13% midday on huge subscriber growth.
The Triage assets are being divested in order to secure antitrust approvals for Abbott Laboratories' purchase of Alere.
CFO Dominic Caruso said on an earnings call that ongoing reviews of the company's portfolio "suggest we currently have more opportunity to divest some nonstrategic businesses."
The grocery chain was hit hard after Amazon's move to buy Whole Foods.