Tag Archives: Abbott Laboratories

Alere (ALR) Confirms Legal Battle Vs Abbott (ABT); Berenberg Boosts View On Ladbrokes (LDBKY)

Alere Inc. (NYSE:ALR) said that it filed a lawsuit against pharmaceutical giant Abbott Laboratories (NYSE:ABT) in Delaware Chancery Court, seeking to compel Abbott to fulfill its obligations under the terms of the merger agreement to take all actions necessary to promptly obtain all required anti-trust approvals.

Alere expects the redacted version of the complaint to be publicly available next week.

Alere is a provider of health information through diagnostic tests.


Investment analysts at Berenberg upgraded Ladbrokes PLC (OTCMKTS:LDBKY) shares from a Hold to a Buy rating

Ladbrokes recently reported for the first six months of the year a pretax profit of £25.2 million compared to a loss of £54.1 million for the same period 2015.

Ladbrokes is a world leader in the betting and gaming industry with over 2,700 betting outlets in the UK, Ireland, Belgium and Spain and over 800,000 active online customers.


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