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Alere Inc (ALR.N)

ALR.N on New York Stock Exchange

49.33USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Abbott says commences tender offer for Series B preferred stock of Alere
Monday, 17 Jul 2017 08:18am EDT 

July 17 (Reuters) - Abbott Laboratories :Abbott commences cash tender offer for all outstanding shares of series b convertible perpetual preferred stock of Alere Inc.Abbott Laboratories - tender offer to buy all outstanding series b convertible perpetual preferred stock of alere at $402.00/share of preferred stock​.Abbott Laboratories - ‍offer will expire at 11:59 P.M., New York City time, on Friday, August 11, 2017​.  Full Article

Quidel announces definitive agreement to acquire Alere Triage assets
Monday, 17 Jul 2017 06:00am EDT 

July 17 (Reuters) - Quidel Corp :Quidel Corp - ‍accretive transactions extend Quidel's market leadership and position it for future growth​.Quidel Corp- ‍transactions will be funded through a combination of cash on hand and committed financing​.Quidel Corp - to buy Triage business and B-type Naturietic Peptide (BNP) business for a total consideration of $400 million plus $40 million in contingent consideration​.Quidel Corp - ‍transactions are to be financed with cash plus committed financing from Bank of America Merrill Lynch and J.P. Morgan Chase Bank.Quidel Corp - ‍Quidel will distribute Triage MeterPro products and BNP assays through a combination of direct sales force and distributors​.  Full Article

Alere shareholders approve amended merger with Abbott
Friday, 7 Jul 2017 04:15pm EDT 

July 7 (Reuters) - Alere Inc :Alere shareholders approve amended merger with abbott.Alere says about 63 million of votes cast at special meeting voted in favor of amended merger, representing over 72.5 percent of alere shares as of may 31.  Full Article

Alere declares dividend of $3.00/shr on Series B convertible perpetual preferred stock
Friday, 23 Jun 2017 04:15pm EDT 

June 23 (Reuters) - Alere Inc :Alere Inc - declared a cash dividend of $3.00 per share on its Series B convertible perpetual preferred stock.  Full Article

Alere Q1 loss per share $0.80 from continuing operations
Wednesday, 14 Jun 2017 04:15pm EDT 

June 14 (Reuters) - Alere Inc ::Alere reports first quarter 2017 financial results.Q1 gaap loss per share $0.80 from continuing operations.Q1 revenue $588 million versus I/B/E/S view $592.3 million.Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Alere Inc - on june 8, coinformed by U.S. DOJ that it is closing investigation of operations at co's pain management laboratory in austin, texas.Q1 2017 results reflect strong u.s. Sales growth driven by influenza and respiratory sales.Alere - non-gaap adjusted ebitda was $68 million in q1 of 2017, a 40 pct decrease compared to $113 million in prior year period.Alere - informed by U.S. DOJ that it is closing investigation without taking any action against company.  Full Article

Alere reports termination of consent solicitations for notes
Monday, 5 Jun 2017 04:55pm EDT 

June 5 (Reuters) - Alere Inc ::Alere Inc. announces termination of consent solicitations for Alere's notes and offers consent termination fee.Alere - ‍termination of previously announced consent solicitations relating to company's 6.500 pct senior subordinated notes due 2020​.Alere-‍termination of previously announced consent solicitations also relating to 6.375 pct senior subordinated notes due 2023 and 7.250 pct senior notes due 2018​.  Full Article

Alere Q4 loss per share $1.38 from continuing operations
Monday, 5 Jun 2017 04:39pm EDT 

June 5 (Reuters) - Alere Inc ::Alere files form 10-k, reports fourth quarter and full year 2016 financial results.Q4 gaap loss per share $1.38 from continuing operations.Q4 revenue $597 million versus I/B/E/S view $607.4 million.Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Alere Inc - ‍abbott transaction is expected to close by end of q3 of 2017​.Alere Inc - ‍due to pending transaction with Abbott, Alere will no longer hold conference calls to discuss its quarterly financial results​.  Full Article

Alere announces commencement of additional consent solicitations for Co's notes
Thursday, 1 Jun 2017 08:38am EDT 

June 1 (Reuters) - Alere Inc ::Alere Inc announces commencement of additional consent solicitations for Alere Inc's notes.Alere - ‍commencement of additional consent solicitations relating to 6.500% senior subordinated notes due 2020, 6.375% senior subordinated notes due 2023​.Alere Inc - ‍if company does not file 2016 form 10-K by June 15, 2017, an event of default would arise under each series of notes​.Alere Inc - ‍ commencement of additional consent solicitations also relating to 7.250% senior notes due 2018​.Alere- ‍among remedies available to noteholders would be right to accelerate payment of obligations upon notice from trustee/holders of 25% of applicable notes​.Alere Inc - ‍each consent solicitation will expire at 5:00 p.m., New York City time, on June 7, 2017 unless extended or earlier terminated​.Alere - expects to file 2016 form 10-K by June 15, 2017 deadline, additional consent solicitations commenced today may be needed in event that additional time is required.  Full Article

Alere says, ‍pursuant to fourth amendment, lenders under credit agreement agreed to waive certain defaults
Tuesday, 30 May 2017 04:56pm EDT 

May 30 (Reuters) - Alere Inc :Alere inc- ‍entered into a fourth amendment, dated as of may 30, 2017, to secured credit agreement, dated as of june 18, 2015 - sec filing​.Alere inc- ‍pursuant to fourth amendment, lenders under credit agreement have agreed to waive certain defaults and events of defaults​.  Full Article

Alere says review to complete 2016 annual report on Form 10-K is not complete
Monday, 22 May 2017 09:15am EDT 

May 22 (Reuters) - Alere Inc :Alere announces update on form 10-k and provides preliminary unaudited financial results.Sees fy 2016 gaap loss per share $1.86 from continuing operations.Sees q4 2016 gaap loss per share $1.41 from continuing operations.Sees q1 2017 revenue $588 million.Sees q4 2016 revenue $597 million.Sees fy 2016 revenue $2.38 billion.Says review necessary to complete 2016 annual report on form 10-k is not complete.Alere inc - goal is to complete its review and file its 2016 annual report on form 10-k by no later than june 15, 2017.  Full Article

BRIEF-Abbott announces extension of cash tender offer for all outstanding shares of series B convertible perpetual preferred stock of Alere Inc

* Abbott announces extension of cash tender offer for all outstanding shares of series B convertible perpetual preferred stock of Alere Inc