We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cooper Companies Inc | NYSE:COO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 331.35 | 0 | 01:00:00 |
By Maria Armental
Teva Pharmaceutical Industries Ltd. (TEVA) is selling the rights to intrauterine contraceptive Paragard to the Cooper Cos. (COO) in a roughly $1.1 billion cash deal.
The generic-drug giant, which Monday appointed pharmaceutical industry veteran Kare Schultz as its new chief executive after a months-long search, said it still expects to make at least $2 billion by year's end from the sale of its global women's health business and oncology and pain business in Europe. Teva intends to use the money to pay down some $35 billion in debt.
The Paragard deal, which is subject to antitrust clearance, includes Teva's facility in Buffalo, N.Y., where Paragard is produced.
Paragard, currently sold only in the U.S., accounted for about $168 million in sales for the 12 months through June 30, the companies said Monday.
Cooper, a Pleasanton, Calif., medical-device company, said the purchase is expected to add between 70 cents and 75 cents to earnings per share in its first year.
Shares in Cooper, which are up 45% so far this year, rose 0.1% to $253.65 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
September 11, 2017 17:18 ET (21:18 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Cooper Companies Chart |
1 Month Cooper Companies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions