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Omnicare Inc

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  • *Shake Shack hits record on trademark filing. May 21- U.S. stocks rose in afternoon trading on Thursday, with the S&P 500 just shy of its record high and the Nasdaq crossing its record close, as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. Federal Reserve officials all but ruled out a rate hike next month...

  • *Shake Shack hits record on trademark filing. May 21- Wall Street was higher in late morning trading on Thursday, with the S&P 500 a whisker away from a record high, as a fresh batch of disappointing economic data bolstered expectations that the Federal Reserve would not raise interest rates any time soon. "I doubt we'll see a rate hike this year," said Paul Nolte,...

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • US STOCKS-Wall St shrugs off weak data to inch higher Thursday, 21 May 2015 | 10:22 AM ET

    *Lumber Liquidators plunges after CEO resigns. *CVS up on $10.1 bln Omnicare deal. May 21- U.S. stocks moved higher in morning trading on Thursday as investors shrugged of fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June.

  • *Deal values Omnicare at $12.7 bln, including $2.3 bln debt. May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the growing market serving the senior patient population. CVS offered $98 per Omnicare share, representing a premium of 4 percent to...

  • *Lumber Liquidators plunges after CEO resigns unexpectedly. *Best Buy rises; NetApp falls after results. *CVS up on $10.1 bln Omnicare deal.

  • May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the market serving the elderly. CVS's $98 per share offer represents a premium of 4 percent to Omnicare's closing price on Wednesday. Omnicare's stock had risen 9.5 percent since April 30 when...

  • May 21- U.S. stock index futures were slightly lower on Thursday, a day after minutes from the latest Federal Reserve meeting bolstered expectations that interest rates would stay near zero until later this year. The jobless claims data is due at 8:30 a.m. ET. *Data measuring the growth in the U.S. manufacturing sector in May is due at 9:45 a.m. ET and 15 minutes...

  • CVS paying $10.4B in cash for drug distributor Omnicare Thursday, 21 May 2015 | 7:18 AM ET

    CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the elderly. Omnicare's long-term care business operates in 47 states and the District of Columbia. Cincinnati- based Omnicare's core business involves...

  • CVS Health to buy Omnicare in $12.7 billion deal Thursday, 21 May 2015 | 7:10 AM ET

    May 21- Drugstore operator CVS Health Corp said it will acquire pharmacy service provider Omnicare Inc for an enterprise value of about $12.7 billion. The $98 per share offer represents a premium of 4 percent over Omnicare's closing price on Wednesday. The deal includes debt of about $2.3 billion.

  • April 30- Pharmacy service provider Omnicare Inc is getting buyout interest from potential buyers, including Express Scripts Holding Co and CVS Health Corp, Bloomberg reported, citing people with knowledge of the matter. Omnicare is working with Bank of America Corp and Centerview Partners to explore options including a sale, the report said.

  • Omnicare exploring sale - Bloomberg Wednesday, 22 Apr 2015 | 3:58 PM ET

    April 22- Pharmacy service provider Omnicare Inc is exploring a sale, Bloomberg reported, citing people with knowledge of the matter. The company, which has a market value of $7.85 billion, is working with financial advisers and the sale process was at an early stage, Bloomberg reported on Wednesday. Shares of the top U.S. provider of pharmacy services to the...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday sent a securities class action case against Dutch bank ING Groep NV and others back to a lower court to reconsider in light of the justices' ruling last week in a case involving pharmacy services company Omnicare. The high court threw out a November 2013 decision by the New York- based 2nd U.S. Circuit Court of...

  • WASHINGTON, March 24- The U.S. Supreme Court on Tuesday handed a narrow victory to Omnicare Inc by ruling that just because the pharmacy services company made comments ahead of a public stock offering that investors say turned out to be untrue didn't mean it was lying. On a 9-0 vote, justices threw out an appeals court ruling that had revived securities class...

  • WASHINGTON, March 24- The U.S. Supreme Court on Tuesday handed a narrow victory to Omnicare Inc by throwing out an appeals court ruling that revived securities class action claims alleging the company had misled investors prior to a public stock offering. The court, in an opinion by Justice Elena Kagan, ruled in favor of Omnicare by finding that a statement made by...

  • Dec 22- The U.S. Justice Department has filed a complaint against Omnicare Inc, alleging that the largest U.S. provider of pharmacy services to the elderly received millions of dollars in kickbacks from Abbott Laboratories. Omnicare received the kickbacks for recommending Abbott's prescription drug, Depakote, for epilepsy in dementia patients in nursing...

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    Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.

  • US stocks seen cautious ahead of Fed minutes Wednesday, 19 Feb 2014 | 8:52 AM ET

    U.S. stock index futures traded cautiously on Wednesday ahead of the release of minutes from the latest Federal Reserve meeting.

  • JNJ to pay $2.2 billion in US probe: Feds Monday, 4 Nov 2013 | 1:53 PM ET

    Johnson & Johnson and its subsidiaries were accused of promoting powerful psychiatric drugs for unapproved uses in children, seniors and disabled patients.