News: Alere Inc (ALR)


ALR on New York Consolidated

25.58USD
18 Jun 2013
Price Change (% chg)

$0.10 (+0.39%)
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$25.48
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Mon, Jun 10 2013

Exclusive: Activist investor sends Alere letter calling for unit sales

NEW YORK - An activist investor who has been campaigning for change at Alere Inc sent the company a letter on Monday calling for the health diagnostics and services company to sell three of its businesses, which it believes can yield more than $3 billion in proceeds.

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Activist investor wants Alere to explore $2.5 billion unit sale: sources

NEW YORK - An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much as $2.5 billion and help Alere pay down debt, two people familiar with the matter said on Tuesday.

Activist investor wants Alere to explore $2.5 bln unit sale -sources

NEW YORK, May 21 - An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much as $2.5 billion and help Alere pay down debt, two people familiar with the matter said on Tuesday.

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