83.29 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||82.18 x 800|
|Ask||83.62 x 1000|
|Day's Range||83.22 - 83.32|
|52 Week Range||43.66 - 83.98|
|PE Ratio (TTM)||71.19|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.72 (0.86%)|
|1y Target Est||71.00|
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on July 16. Over the last one-month, outflows of investor capital in ETFs holding ABAX totaled $1.78 billion.
Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the Northern District of California on behalf of holders of Abaxis, Inc. (“Abaxis”) (ABAX) common stock in connection with the proposed acquisition of Abaxis by Zoetis, Inc. and its affiliate (“Zoetis”) announced on May 16, 2018 (the “Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Abaxis and its Board of Directors (the “Board”), is captioned Kent v. Abaxis, Inc., Case No. 3:18-cv-03834 (N.D. Cal.).
With the adoption of Abaxis' (ABAX) point-of-care diagnostic instruments post acquisition, the combined entity's veterinary diagnostics category should grow faster than the animal health industry.
LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want access to our free research report on Zoetis Inc. (NYSE: ZTS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZTS as the Company's latest news hit the wire. On July 06, 2018, the Company announced that it has completed the acquisition of Abaxis, Inc. (NASDAQ: ABAX), which is a leader in the development, manufacture, and marketing of diagnostic instruments for veterinary point-of-care services, for $83.00 per share in cash, or approximately $2.0 billion in total.
On July 6, Zoetis (ZTS) and Abaxis (ABAX) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
Zoetis Inc. (ZTS) and Abaxis, Inc. (ABAX) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with Zoetis’ previously-announced acquisition of Abaxis for US $83.00 per share in cash, or approximately $2.0 billion in aggregate. The expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the transaction. The transaction is subject to other customary closing conditions, including the approval of Abaxis shareholders.
We are upbeat about Abaxis' (ABAX) solid consumable and instrument sales growth along with strength in the medical and veterinary market segments.
Index (PMI) data, output in the Healthcare sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Since Abaxis Inc (NASDAQ:ABAX) released its earnings in March 2018, analysts seem fairly confident, as a 32.86% increase in profits is expected in the upcoming year, compared with the pastRead More...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Healthcare sector is rising.
NEW YORK , June 5, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK , June 5, 2018 /PRNewswire/ -- Abaxis, Inc. (ABAX) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the proposed sale of Abaxis to Zoetis ...
The latest earnings release Abaxis Inc’s (NASDAQ:ABAX) announced in March 2018 showed that the business endured a immense headwind with earnings deteriorating by -17.09%. Below, I’ve presented key growth figuresRead More...
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Abaxis, Inc. (ABAX) by Zoetis Inc. (ZTS). On May 16, 2018, the two companies announced the signing of a definitive merger agreement pursuant to which Zoetis will acquire Abaxis. Under the terms of the agreement, Abaxis shareholders will receive $83.00 in cash for each share of Abaxis common stock.
Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling the Peaks (Stocks hitting 52-week highs on May 17) Abaxis Inc (NASDAQ: ABAX ) (rallying for second straight session ...
WeissLaw is investigating whether ABAX's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $90.00 per share, or $7.00 above the offer price. Additionally, ABAX recently announced positive financial results. It reported revenue of $67.9 million, representing an increase of 17% when compared to the figures reported in the same period of the previous year.
Post takeover of Abaxis' (ABAX) point-of-care diagnostic instruments, Zoetis expects the consolidated company's veterinary diagnostics category to speed up growth over the animal health industry.
Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling the Peaks (Biotech Stocks Hitting 52-week highs on May 16) Abaxis Inc (NASDAQ: ABAX ) (announced a deal to be bought ...
Shares of Abaxis hit an all-time high however after Wall Street learned that top animal health company Zoetis would be acquiring Abaxis for $83 a share. Abaxis, Inc. shares closed up 16.15% on Wednesday and hit an all-time high of $83.78 during intra-day trading. It was an exciting day for the company after it was announced that top animal health company Zoetis would be acquiring it for $1.9 billion.
BALA CYNWYD, PA / ACCESSWIRE / May 16, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Abaxis, Inc. ("Abaxis" or "the Company") (NASDAQ:ABAX News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Zoetis Inc. ("Zoetis"). Under the terms of the transaction, Abaxis shareholders will receive only $83.00 in cash for each share of Abaxis stock they own. The investigation concerns whether the Board of Abaxis breached their fiduciary duties to shareholders and whether Zoetis is underpaying for the Company.
Animal-health company Zoetis Inc. has agreed to buy Abaxis Inc., a maker of veterinary-diagnostics equipment, in a deal valued at about $2 billion. Zoetis has offered $83 a share in cash for Abaxis, about a 16% premium to Abaxis’s closing price Tuesday. The companies said Wednesday the deal would grow Zoetis’s presence in veterinary diagnostics, a sector that has had an annual compound growth rate of about 10% for the past three years.