Abbott (NYSE: ABT) and Facet Biotech Corporation (Nasdaq: FACT) announced a definitive agreement for Abbott to acquire Facet, enhancing Abbott's early- and mid-stage pharmaceutical pipeline. Abbott will acquire Facet for $27 per share in cash for a net transaction value of approximately $450 million.
The acquisition brings access to biologics in two key therapeutic areas, immunology and oncology.
Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide.
The Kroger Co. (NYSE: KR) reported $0.39 per diluted share compared with $0.53 per diluted share last year. analysts average $0.34. KR beats by $0.05.
Net earnings for the fourth quarter, which ended on January 30, 2010, totaled $255.4 million, compared with net earnings in the same period last year of $349.2 million.
The Kroger Co., together with its subsidiaries, operates as a food retailer in the United States.
Altria Group, Inc. (NYSE: MO) Board of Directors increased the company’s regular quarterly dividend by 2.9% to $0.35 from $0.34 per common share.
The quarterly dividend is payable on April 9, 2010, to stockholders of record as of March 15, 2010.
Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, wine, and other tobacco products in the United States and internationally.
The Board of Directors of Merck & Co., Inc. (NYSE: MRK) declared a quarterly dividend of $0.38 per share on the company’s common stock for the second quarter of 2010. Payment will be made on April 7, 2010 to common stockholders of record at the close of business on March 15, 2010.
Merck & Co., Inc. engages in the research, development, manufacture, and sale of medicines, vaccines, and consumer health and animal products worldwide.
The Board of Directors of The Coca-Cola Company (NYSE: KO) approved the Company's 48th consecutive annual dividend increase, raising the quarterly dividend approximately 7 percent from 41 cents to 44 cents per common share. The first quarterly dividend is payable April 1, 2010, to shareowners of record as of March 15, 2010.
The Coca-Cola Company manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide.
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