Advertisements

Abbott to Acquire Alere

“Abbott Laboratories also recently acquired St. Jude Medical, a leading provider of Medical devices. “

Abbott Laboratories to acquire Alere Abbott Laboratories to acquire Alere

Abbott Laboratories (ABT) has agreed to acquire Alere Inc. (ALR).The deal was first announced in early 2016 but Abbott had accused Alere of misleading them and lawsuits were filed. Abbott originally offered $56 per share but the new agreement has reduced the price to $51 per share and is expected to close prior to the end of the year. All lawsuits have been dismissed.

Abbott Laboratories also recently acquired St. Jude Medical, a leading provider of Medical devices.

Abbott is engaged in the manufacture of large areas of Pharmaceutical Products including Nutrition, Heart Health, Diagnostics, Diabetes Care and Medical Devices. Their product list includes popular brands for consumers as well as Healthcare Professionals.

Some analyst are saying Abbott has the potential for a 20% upside in stock price.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: