LabCorp Acquires Safe Foods International Holdings
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October 27, 2015 9:03 AM EDT
UBS maintained a Neutral rating on Laboratory Corporation of America (NYSE: LH), and cut the price target to $119.00 (from $125.00), following in-line 3Q15 earnings results. LH management voiced its frustration with the CLFS proposed rule. LH does not believe the proposal is consistent with Congress' intent under PAMA and noted the industry is being very... More
October 23, 2015 8:06 AM EDT
Lab Corp. (NYSE: LH) announced the acquisition of Safe Foods International Holdings, LLC (SFIH) and its two operating companies, International Food Network (IFN) and The National Food Laboratory (The NFL). With the addition of IFN and The NFL, LabCorp now offers an expanded range of industry-leading services to the global food, beverage and nutrition industries through Covances Nutritional Chemistry and Food Safety business. Terms of the transaction... More
