- American City Business Journals•1 hour ago
Abbott Laboratories on Wednesday fired the latest salvo in its legal battle with Alere over their $5.8 billion buyout agreement, suing the troubled Waltham diagnostics firm in an effort to terminate the deal. Chicago-based Abbott (ABT) filed a complaint in the Delaware Court of Chancery, where large corporations often go to hash out business disputes, asking a judge to terminate its February buyout on the grounds that Alere (ALR) has been severely damaged since then and has stonewalled requests for information. Alere previously sued Abbott in the same Delaware court in August to enforce the deal.
- Forbes•2 hours ago
"We know that the time to be greedy is when others are fearful and fearful when others are greedy, so we do not mind seeing AAII Bullish levels diminish nor are we unhappy to see the exodus from bonds slow somewhat.."
- American City Business Journals•4 hours ago
Abbott Laboratories Inc. is washing its hands of an agreement to acquire health care diagnostics company Alere Inc. The pharmaceutical and medical device giant announced Wednesday that it has filed a complaint with the Delaware Court of Chancery seeking termination of the deal, which has been plagued by a series of setbacks throughout the year. In January, Abbott (ABT) announced it intended to buy Alere for $5.8 billion.
ABT : Summary for Abbott Laboratories Common Stoc - Yahoo Finance
Abbott Laboratories (ABT)
NYSE - NYSE Real Time Price. Currency in USD
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|Bid||37.52 x 200|
|Ask||38.50 x 1000|
|Day's Range||37.43 - 38.49|
|52 Week Range||36.00 - 46.22|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||42.01|
|Dividend & Yield||1.04 (2.74%)|
|1y Target Est||N/A|