The M&A wave could be a harbinger of a booming economy...or a collection of last-minute attempts to beat higher debt rates. NYT reports.» Read More
Becton, Dickinson& Co. rose$. 26 or. 2 percent, to $116.61. Covidien plc rose$. 93 or 1.1 percent, to $84.93. PerkinElmer fell$. 12 or. 3 percent, to $44.83.
Becton, Dickinson& Co. rose$. 07 or. 1 percent, to $116.42. Covidien plc rose$. 52 or. 6 percent, to $84.52. PerkinElmer rose$. 02 or percent, to $44.97.
Becton, Dickinson& Co. rose $1.57 or 1.4 percent, to $116.35. Covidien rose $1.46 or 1.8 percent, to $84.00. PerkinElmer rose$. 29 or. 6 percent, to $44.95.
Becton, Dickinson& Co. rose$. 77 or. 7 percent, to $115.55. Covidien plc rose$. 35 or. 4 percent, to $82.89. PerkinElmer fell$. 04 or. 1 percent, to $44.62.
Covidien plc fell$. 09 or. 1 percent, to $82.45. PerkinElmer fell$. 06 or. 1 percent, to $44.61. Thermo Fisher Scientific Inc. fell$. 25 or. 2 percent, to $119.28.
DUBLIN, July 30- Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles.
DUBLIN, July 25- Ireland defended its tax regime on Friday against criticism from U.S. Singling out Ireland for criticism, Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas and called on Congress to pass a bill to curb such deals, known as "inversions".
July 17- U.S. orthopedics company Stryker Corp on Thursday reported slightly higher second-quarter profit that was in line with Wall Street expectations and said it was always in the market for deals. In the most recent such deal in the medical device sector, Medtronic Inc last month agreed to buy Covidien for $43 billion.
In the most recent such deal in the medical device sector, Medtronic Inc last month agreed to buy Covidien for $43 billion. The move will allow Medtronic to re-domicile to Ireland to take advantage of low corporate tax rates and to access cash overseas without having to pay high repatriation costs.
Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.
July 14- Several multi-billion dollar deals and bids have made 2014 a busy year for healthcare acquisitions, despite Pfizer pulling its $118 billion offer for AstraZeneca.
July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. Covidien said it was indemnifying the manufacturer on certain claims.
July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. The company's two units supplied pelvic mesh products to one of the manufacturers named in the lawsuit and is indemnifying that manufacturer on certain claims.
Medical technology group Medtronic Inc said last month that it plans to buy Covidien Plc, a rival based in low-tax Ireland. The research service said other inversions have been done in the past decade by Mallinckrodt Pharmaceuticals, Perrigo Co Plc, Actavis Plc and other companies, many of them rebasing for tax purposes to Ireland.
Walgreen's chief, who said he was "proud of our Illinois heritage," is considering a deal that would move its HQ to Switzerland in a bid to cut taxes.
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led CEOs to strike big transactions in 2014.
NEW YORK, June 30- Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.
BOSTON, June 20- Medtronic Inc, the world's largest stand-alone medical device maker, said on Friday it was the victim of a cyber attack last year.
LONDON, June 20- British drugmaker Shire has rejected a 27 billion-pound takeover offer from AbbVie, the latest attempt by a U.S. healthcare firm to tap into the London- listed group's low tax rate. Abbvie's takeover offer proposed creating a new U.S.-listed holding company with a UK tax domicile in a so-called "inversion" move.
If Bob Olstein is right, the climate for takeovers is just beginning to heat up.