Abbott agrees to buy Alere at lower price from earlier offer
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Alere (ALR) PT Lowered to $51 at Canaccord Genuity
April 17, 2017 9:27 AM EDTCanaccord Genuity lowered its price target on Alere (NYSE: ALR) to $51.00 (from $52.00) while maintaining a Buy rating. ABT and ALR announced a settlement at $51/share, or ~21% higher than ALR's closing price of $42.31 last Thursday.
Canaccord believes that shareholders would have approved anything at $50+ so... More
Alere (ALR) PT Lowered to $51 at Jefferies Following Announced Revisions to ABT Merger
April 17, 2017 7:17 AM EDTJefferies lowered its price target on Alere (NYSE: ALR) to $51.00 (from $56.00) while maintaining a Hold rating following the company's announced amended the terms of to the merger with ABT.
Key revisions include: 1) $51/share vs. the original $56; 2) timeline extended to September 30 from April 30; and... More
Abbott (ABT) to Acquire Alere (ALR) for $51/Share in Amended Agreement
April 17, 2017 6:12 AM EDTAbbott (NYSE: ABT) and Alere Inc. (NYSE: ALR) announced Friday that the companies have agreed to amend the existing terms of their agreement for Abbott's acquisition of Alere.
Under the amended terms, Abbott will pay $51 per common... More
