Zoetis Inc (ZTS.N)
18 May 2018
Wed, May 16 2018
Top animal health company Zoetis Inc will buy Abaxis Inc for $1.9 billion, looking to capture a bigger slice of the fast-growing market for diagnostics services that cater to household pets and farm animals.
* Zoetis says diagnostics should grow faster than animal health
BRIEF-Zoetis Says Upon Deal Termination By Abaxis Or Co, Termination Fee Of $70 Mln May Be Payable By Abaxis
* ZOETIS SAYS UPON DEAL TERMINATION BY ABAXIS OR CO, TERMINATION FEE OF $70 MILLION MAY BE PAYABLE BY ABAXIS - SEC FILING Source text: (https://bit.ly/2KprpqL) Further company coverage: (Reuters.Briefs@thomsonreuters.com)
* ZOETIS TO ACQUIRE ABAXIS, A LEADING GLOBAL PROVIDER OF VETERINARY POINT-OF-CARE DIAGNOSTIC INSTRUMENTS
May 16 Animal health company Zoetis Inc said on Wednesday it would buy Abaxis Inc, a maker of veterinary diagnostic instruments, for about $1.9 billion in cash.
* Q1 EARNINGS PER SHARE VIEW $0.69 -- THOMSON REUTERS I/B/E/S
* ZOETIS INC SAYS TO EXPAND ANIMAL VACCINE RESEARCH AND MANUFACTURING IN SUZHOU, CHINA Source text for Eikon: Further company coverage:
* ZOETIS INC SAYS CEO JUAN RAMÓN ALAIX'S 2017 TOTAL COMPENSATION WAS $10.5 MILLION VERSUS $9.5 MILLION IN 2016 – SEC FILING Source text (https://bit.ly/2uJV1MK) Further company coverage:
* ADJUSTED NET INCOME FOR 2017 EXCLUDES ONE-TIME PROVISIONAL NET TAX CHARGE OF $212 MILLION RELATED TO RECENTLY ENACTED TAX LEGISLATION IN U.S.
* ZOETIS SAYS EVALUATING IMPACT OF U.S. TAX ACT, PRELIMINARILY ESTIMATED REDUCTION TO GAAP NET INCOME IN Q4 Source text: (http://bit.ly/2qDYvyf) Further company coverage:
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- Upcoming Dividends: 12 Companies, 3 Increases, 2 Double-Digit Increases