On Thursday, Cardinal Health Inc (NYSE:CAH)’s shares inclined 1.01% to $89.67.
Cardinal Health Inc (CAH) 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. The Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare, specialty pharmaceutical, and consumer products to retailers, including chain and independent drug stores and pharmacy departments of supermarkets and mass merchandisers; hospitals; and other healthcare providers.
Carnival Corp (NYSE:CCL)’s shares gained 1.77% to $47.83.
Carnival Corp (CCL) launched a new brand called fathom™, defining a new travel category it is calling “social impact travel,” that will offer consumers authentic, meaningful impact travel experiences to work alongside locals as they tackle community needs. What sets fathom apart is the long-term, systematic partnership approach with its partner countries paired with the unique business model that allows for sustained impact and lasting development. fathom’s scale and global vision reach beyond what the world has ever seen.
The company’s first destination will be the Dominican Republic, a country known for its spectacular beauty but also a country where the average household income is about $6,000 USD a year and more than two million Dominicans do not have access to piped water.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia.
At the end of Thursday’s trade, Pandora Media Inc (NYSE:P)‘s shares dipped -0.87% to $17.15.
Pandora Media Inc (P) has joined with Ford F-Series Trucks to produce a first of its kind experience – Country Built http://pdora.co/countrybuilt. Like Ford Trucks, the genre of country music exemplifies the principles of toughness and being built to last. Through this relationship, Country Built pays respect to the grit and endurance that have shaped the sounds of country music. The experience celebrates its riveting history while highlighting select next-generation artists carrying the torch into the future through a series of custom-curated mixtapes, interviews, exclusive performances and behind-the-scenes videos.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, as well as offers Pandora One, a paid subscription service to listeners. It also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms. As of December 31, 2014, the company had approximately 250 million registered users; and 81.5 million active users. Pandora Media, Inc. was founded in 2000 and is headquartered in Oakland, California.
Caterpillar Inc. (NYSE:CAT), ended its Thursday’s trading session with -0.34% loss, and closed at $88.18.
Caterpillar Inc. (CAT) declared the following officer changes:
- Mary Bell, vice president with responsibility for the Building Construction Products Division, has elected to retire. Ken Hoefling has been designated as a Caterpillar vice president to replace Bell. Both moves are effective July 1, 2015.
- Mark Sweeney, vice president with responsibility for the Europe South America Operations Division, has elected to retire effective August 1, 2015.
- William Finerty, vice president with responsibility for the Diversified Products Division, has elected to leave the company to pursue other opportunities. His move is effective August 1, 2015.
Mary Bell Retirement
After 29 years of dedicated service to Caterpillar, Mary Bell, vice president with responsibility for the Building Construction Products (BCP) Division, has elected to retire.
Mark Sweeney Retirement
Mark Sweeney, vice president with responsibility for the Europe South America Operations Division, has elected to retire following more than two decades served at Caterpillar and its wholly owned partner, FG Wilson (Engineering) Ltd.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, as well as its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; and electronics and control systems for use in mining and quarry applications.
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