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LabCorp to spend $6.1 billion on Covance
2014-11-03 13:56:12| Biotech - Topix.net
LabCorp will pay about $6.1 billion in cash and stock to buy Covance in a tie-up that aims to improve clinical trial research for pharmaceuticals. LabCorp said Monday that it will pay $105.12 for each share of the Princeton, New Jersey, company, representing a 32 percent premium to Covance's closing price Friday.
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billion
covance
labcorp
Altice bids over EUR 7 billion for PT Portugal
2014-11-03 08:30:00| Telecompaper Headlines
(Telecompaper) Altice has made a binding offer to acquire the Portuguese assets of Portugal Telecom from Oi for EUR 7.025 billion. The offer excludes PT's assets in Africa and the Rio Forte debt securities, Oi treasury shares and Portugal Telecom financing companies. Altice said the bid gives PT Portugal an enterprise value of EUR 7.025 billion on a cash- and debt-free basis. It includes a EUR 400 million earn-out related to the future revenue generation of Portugal Telecom and a EUR 400 million earn-out based on future operating free cash flow (EBITDA less capex). If accepted, the bid would be financed by new debt and existing cash from Altice. Altice is already active in Portugal through the cable operator Cabovisao. Oi has been looking to sell the PT assets in order to reduce debt and give it the financial flexibility to participate in consolidation underway in its home market Brazil.
Altice Offers Oi $8.8 Billion for Portugal Telecom Assets
2014-11-03 05:25:45| Telecom - Topix.net
Altice SA, billionaire Patrick Drahi's cable holding company, made a binding offer to acquire the Portuguese assets of Portugal Telecom from Brazil's Oi SA. The offer has an enterprise value of 7.025 billion euros and is fully financed, Altice said in a Nov. 2 statement.
Tags: offers
portugal
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billion
Sony's reports $1.25 billion in losses over last quarter
2014-11-02 14:41:02| Electronics - Topix.net
If you only pay attention to Sony's Playstation 4 news, you'd think the company was killing it in sales and sitting in pools of cash as a result. Unfortunately this is not the reality for the Tokyo-based electronics company, who, just like Samsung , had some bad news to share in the month of October.
Tags: reports
quarter
billion
losses
Omega Healthcare to buy out rival Aviv in all-stock deal valued at $3 billion
2014-10-31 13:34:55| Real Estate - Topix.net
Omega Healthcare will buy rival real estate investment trust Aviv in a $3 billion all-stock deal combining two companies that each run hundreds of nursing homes. Aviv shareholders will receive a portion of Omega stock valued at $34.97 for each Aviv share in a deal designed to be tax-free to shareholders, the companies said Friday.
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deal
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healthcare
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