Oct 30, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Abbott Laboratories (NYSE:ABT) on May 12, 2009 at $45.38.
Since then, Abbott Laboratories has returned 12.6% as of today's recent price of $51.10. Want to profit from these alerts?
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Write to Chip Brian at cbrian@tradethetrend.com
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Tags: market nyse profit securities trial
Companies: Abbott Laboratories (ABT)
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Nov 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Abbott Laboratories has acquired Evalve, Inc., a designer, developer, and manufacturer of devices that enable the repair of cardiac valves. Abbott Laboratories is a diversified pharmaceuticals healthcare company. Both the companies are based in US.
Abbott acquired the remaining outstanding equity of Evalve that it did not already own for an upfront payment of $320 million, plus a $90 million payment if certain regulatory milestones are met.
Announcement (September 10, 2009):
Abbott Laboratories has entered into a definitive agreement to acquire the remaining 90% outstanding equity of Evalve, Inc. The transaction is valued at approximately $410 million.
Cooley Godward Kronish LLP is acting as advisor to Evalve.
Deal Value (US$ Million) 410
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2009-11-02
Deal Participants
Target (Company) Evalve, Inc.
Acquirer (Company) Abbott Laboratories
Deal Rationale
The acquisition enables Abbott to enhance its business in non-surgical treatment for structural heart diseases and to broaden its medical devices portfolio.
% Acquisition 90%
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Tags: acquisition advisor business equity healthcare manufacturer medical pharmaceuticals structural
Companies: Abbott Laboratories (ABT)
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Oct 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
A consortium of investors has sold Visiogen, Inc., an ophthalmic medical device company, to Abbott Laboratories, a diversified pharmaceuticals healthcare company. Both Abbott Laboratories and Visiogen are based in the US.
The consortium includes Technology Partners, Novartis Venture Fund, Three Arch Partners, New Leaf Venture Partners, Prospect Venture Partners, CMEA Ventures, and Foundation Medical Partners.
Announcement (September 2, 2009):
A consortium of investors has agreed to sell Visiogen to Abbott Laboratories for $400 million in cash.
The transaction is expected to close in the fourth quarter of 2009.
J.P. Morgan Securities, Inc. is acting as financial advisor to Visiogen and Jones Day is acting as legal advisor to Abbott Laboratories.
Deal Value (US$ Million) 400
Deal Type Venture Finance
Sub-Category Exit
Deal Status Completed: 2009-10-20
Deal Participants
Target (Company) Visiogen, Inc.
Acquirer (Company) Abbott Laboratories
Deal Rationale
By combining Visiogen's accommodating lens technology with Abbott's existing medical optics portfolio expands Abbott's ability to offer a set of refractive options to its ophthalmic customers and the patients.
It would also allow Abbott Medical Optics to enter the accommodating intraocular lens (IOL) segment and enhance its IOL portfolio that includes the Tecnis(R) Multifocal lens.
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Tags: advisor foundation healthcare legal medical optics pharmaceuticals securities technology
Companies: Abbott Laboratories (ABT), Novartis AG (NVS)
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Oct 22, 2009 (Fresh Brewed Media via COMTEX) --
Abbott Laboratories (ABT) appears to be on the move today and is now at $51.34, up $0.18 (0.35%) on volume of 650,836 shares traded. Over the last 52 weeks the stock has ranged from a low of $41.27 to a high of $57.40. ABT was covered in a Lee Allen report today. To read the report, and get Lee's thoughts on this earnings season, go to www.marketintelligencecenter.com/la102209 . Abbott Laboratories stock has been showing support around $50.49 and resistance in the $52.29 range. Technical indicators for the stock are bullish and S&P gives ABT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ABT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 46 range.
ABR-Seven Summits Strategic Investments NewsBite
Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Tags: earnings S&P
Companies: Abbott Laboratories (ABT)
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Welcome To The Family: Abbott Medical Optics Joins Our Team The initials are the same, but the 3,600 employees of AMO, formerly Advanced Medical Optics, are now part of Abbott as the transaction to acquire this established global leader in vision care has been completed.
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