Latest Accretion Stories

EAST NORRITON, Pa., Aug. 9, 2011 /PRNewswire/ -- Tengion, Inc. (Nasdaq: TNGN) today provided a business update and reported its financial results for the second quarter ended June 30, 2011. "This is an important time for Tengion as we continue to make progress on our lead clinical and preclinical programs, as well as on our corporate and partnership strategy," said David Scheer, chairman of the Tengion board of directors. "Our search for a new chief executive officer is underway and our...

NATICK, Mass., March 3, 2011 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced the completion of its acquisition of Atritech, Inc. of Plymouth, Minnesota. The completion of the transaction follows the signing of a definitive merger agreement announced on January 19, 2011. Atritech's WATCHMAN® Left Atrial Appendage Closure Technology gives Boston Scientific an innovative product designed for atrial fibrillation patients with high stroke risk. Atrial...

RICHMOND, Va., Jan. 28, 2011 /PRNewswire/ -- Full-year 2010 operating earnings of $3.34 per share, in the upper half of original guidance range of $3.20 to $3.40 per shareFull-year 2010 GAAP earnings of $4.68 per shareFourth-quarter 2010 operating earnings of 63 cents per shareFourth-quarter 2010 GAAP earnings of 43 cents per shareCompany affirms 2011 operating earnings guidance of $3.00 to $3.30 per shareCompany plans $400 million to $700 million equity repurchase in 2011Conference call...

ALLEGAN, Mich., Jan. 20, 2011 /PRNewswire/ -- Perrigo Company (Nasdaq: PRGO; TASE) today announced that it has signed a definitive agreement to acquire substantially all of the assets of Paddock Laboratories, Inc. ("Paddock"), a privately-held, Minneapolis-based manufacturer and marketer of generic pharmaceutical products for approximately $540 million in cash. Perrigo expects to receive a significant tax benefit as a result of the acquisition of Paddock's assets. The net present value of...

RICHMOND, Va., April 29 /PRNewswire-FirstCall/ -- Dominion (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the three months ended March 31, 2010, of $174 million ($0.29 per share), compared with reported earnings of $248 million ($0.42 per share) for the same period in 2009. Operating earnings for the three months ended March 31, 2010, amounted to $576 million ($0.96 per share), compared to operating...

Omnicare, a provider of pharmaceutical care for the elderly, has acquired Advanced Care Scripts, a provider of specialty pharmaceutical services. The transaction is expected to be modestly accretive to Omnicare's earnings in 2008, with accretion expected to increase in 2009 and beyond. Joel Gemunder, president and CEO of Omnicare, said: "The acquisition of Advanced Care Scripts is squarely in line with our strategy of broadening Omnicare's platform through the addition of high-growth...

Up to one quarter of the light brightening the universe comes from the massive crush of matter succumbing to the extreme gravity of black holes. Scientists have long understood that amount of light means black holes have the colossal appetite to ingest whole stars and huge amounts of gas. But a critical question has always remained: how they can continue to devour so much? For the first time, a team of scientists with NASA's Chandra X-ray Observatory led by Jon Miller has uncovered the...

RAS -- New supercomputer simulations may help explain periodic bursts of light emitted by compact binary star systems. Cataclysmic variables are binary systems that consist of a white dwarf and a normal star. The dense white dwarf drags material from its companion star, creating an accretion disc of matter around itself, and a hotspot develops where the gas stream from the star crashes into the accretion disc. On Wednesday 6th April at the RAS National Astronomy Meeting in Birmingham, Dr...