On Tuesday, in the course of current trade, Shares of Cardinal Health Inc (NYSE:CAH), climbed 0.05%, and is now trading at $ 87.99.
Cardinal Health, declared plans to acquire The Harvard Drug Group (THDG), a distributor of generic pharmaceuticals, over-the-counter medications and related products to retail, institutional and alternate care customers. THDG is presently owned by Court Square Capital Partners. Cardinal Health will pay $1.115 billion using existing cash and new debt. The transaction is predictable to close in the starting of fiscal year 2016 subject to regulatory approvals and other customary closing conditions.
Assuming this timing, Cardinal Health anticipates accretion in non-GAAP diluted earnings per share (EPS) from ongoing operations of greater than $0.15 per share in fiscal 2016, net of the $0.03 to $0.04 per share of interest expense for the related debt financing. Cardinal Health anticipates accretion in non-GAAP diluted EPS of more than $0.20 in fiscal 2017 and for accretion to be increasingly greater thereafter.
Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical.
During an Afternoon trade, Shares of Weyerhaeuser Co (NYSE:WY), climbed 0.08%, and is now trading at $ 31.55.
Weyerhaeuser, declared a dividend of $0.29 per share on the Common Stock of the company, payable in cash on June 19, 2015, to holders of record of such common shares at the close of business on June 5, 2015. Additionally, the company’s board of directors has declared a dividend of $0.7969 per share on the company’s 6.375% Mandatory Convertible Preference Shares, Series A, which will be payable in cash on July 1, 2015, to holders of record of such mandatory convertible preference shares at the close of business on June 15, 2015.
Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada.
Shares of Gap Inc (NYSE:GPS), during its Tuesday’s current trading session fell - 0.40%, and is now trading at $ 37.80.
Gap stated that net sales for the four-week period ended May 30, 2015 were $1.25 billion contrast with net sales of $1.27 billion for the four-week period ended May 31, 2014.
“We’re happy with Old Navy’s continued momentum and we remain focused on compriseently delivering higher levels of performance across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Medical Properties Trust, Inc. (NYSE:MPW), lost -0.23% Tuesday, hitting its highest level.
Medical Properties Trust, declared that its Board of Directors declared a regular quarterly cash dividend of $0.22 per share of common stock to be paid on July 9, 2015, to stockholders of record on June 11, 2015.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.
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