Alere Inc. (ALR) - NYSE
  • Mon, Feb. 1, 8:07 AM
    • Abbott Laboratories (NYSE:ABT) acquires point-of-care diagnostics firm Alere (NYSE:ALR) for $56 per share ($5.8B). The deal will be immediately accretive to earnings and is expected to add $0.12 - 0.13 to EPS in 2017 and more than $.20 in 2018. Annual pre-tax synergies should be ~$500M by 2019.
    • Under the terms of the deal, Alere shareholders will receive $56 per share in cash. Abbott will also assume $2.6B in Alere outstanding debt.
    • Waltham-MA-based Alere generates ~$2.5B in sales per year. Shares are up 46% premarket on light volume.
    | Mon, Feb. 1, 8:07 AM | 17 Comments
  • Sep. 15, 2014, 12:48 PM
    • Diagnostics maker Alere (ALR +12.9%) bucks biotech's down day by jumping on a 6x surge in volume on reports that former CEO Ron Zwanziger intends to bid $46 per share for the company. His potential offer would value Alere at almost $4B.
    • Mr. Zwanziger believes the firm is undervalued. He has a point. Alere's sales and earnings are decelerating and its P/S, P/B and P/CF ratios all lag the industry according to msn money.
    | Sep. 15, 2014, 12:48 PM
  • Jun. 10, 2013, 7:54 AM

    More on Coppersmith-Alere (ALR) letter: Coppersmith wants Alere to use the proceeds from any sales to slash its debt, which is almost $3.8B vs a market cap of $2.15B. The ops that Coppersmith wants Alere to sell are its health care management unit, its consumer products joint venture with P&G (PG), and possibly its toxicology unit. Coppersmith has been agitating for change since last month and has nominated three directors to Alere's board.

    | Jun. 10, 2013, 7:54 AM
Company Description
Alere, Inc. develops, manufactures and markets consumer and professional medical diagnostic products. The company's products and services focus on cardiology, infectious disease, women's health, oncology, and toxicology. Its portfolio also includes a broad array of health information solutions... More
Sector: Healthcare
Industry: Medical Laboratories & Research
Country: United States