Danaher's (DHR) Acquisition of Cepheid is Credit-Negative Development - Moody's
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S&P Places Danaher's (DHR) Ratings on CreditWatch Negative Amid Move to Acquire Cepheid
September 6, 2016 2:35 PM EDTS&P Global Ratings placed its ratings on Danaher Corp. (NYSE: DHR), including the 'A' corporate credit and 'A-1' commercial paper rating, on CreditWatch with negative implications, following its pending acquisition of Cepheid Inc. for $4 billion.
"The CreditWatch placement reflects our view that the timing of Danaher's proposed $4 billion debt-financed acquisition of Cepheid and the high acquisition multiple may manifest a shift toward a more aggressive financial policy than we previously expected resulting in leverage maintained above 2.5x," said S&P Global... More
Piper Jaffray Downgrades Cepheid (CPHD) to Neutral
September 6, 2016 9:13 AM EDTPiper Jaffray downgraded Cepheid (NASDAQ: CPHD) from Overweight to Neutral.
For an analyst ratings summary and ratings history on Cepheid click here. For more ratings news on Cepheid click here.
Shares of Cepheid closed at $34.42 yesterday.
... MoreWall St. ends up on views Fed will hold off on rates
September 6, 2016 7:38 AM EDTBy Caroline Valetkevitch
(Reuters) - U.S. stocks rose slightly on Tuesday, nudging the Nasdaq to a record high close, as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term.
The S&P financial index , which tends to rise with expectations for higher rates, slipped 0.2 percent, while the S&P utilities index , which tends to benefit from a lower rate environment, rose 1.1 percent.
A weaker-than-expected reading on the U.S. services sector in August added to views the Fed... More
Cepheid (CPHD) volatility low into Danaher (DHR) acquiring for $53 per share
September 6, 2016 7:00 AM EDTCepheid (NASDAQ: CPHD) September call option implied volatility is at 37, October is at 43; compared to its 52-week range of 38 to 79 into Danaher (DHR) acquiring all of the outstanding shares of Cepheid for $53 per share in cash.
... More