Quest Diagnostics To Acquire LifeLabs From OMERS In About $985 Mln Dealfxcue.com

(fxcue news) - Quest Diagnostics (DGX), a provider of diagnostic information services, announced Wednesday a definitive agreement to acquire LifeLabs, a provider of community laboratory tests for millions of Canadians, from OMERS for a value of approximately C$1.35 billion (approximately $985 million), including net debt. LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed. Quest will provide LifeLabs with new expertise, innovations and resources to strengthen the services provided by LifeLabs' more than 6,500 employees. Quest also expects to help accelerate LifeLabs' data security enhancements while ensuring Canadian patients' health data remains in Canada. Quest expects to fund the acquisition through cash on hand and debt. The transaction is expected to close by the end of the year, subject to certain customary closing conditions and approvals, including Canadian regulatory approvals. Quest expects the transaction to generate approximately C$970 million (approximately $710 million) in annual revenues and to be slightly dilutive to earnings per share, but accretive to adjusted earnings per share in the first 12 months after closing.

Quest Diagnostics To Acquire LifeLabs From OMERS In About $985 Mln Deal

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Trader

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

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Quest Diagnostics To Acquire LifeLabs From OMERS In About $985 Mln Deal

Indonesia Stock Market Tipped To Open In The Green

Sensex

U.S. Private Sector Employment Climbs Less Than Expected In June

U.S. Trade Deficit Widens Less Than Expected In May

Quest Diagnostics To Acquire LifeLabs From OMERS In About $985 Mln Deal

U.S. Weekly Jobless Claims Rise Slightly More Than Expected

Fed's Powell Says Policymakers Need More Evidence Before Rate Cut

European Stocks Close Lower On Interest Rate Uncertainty

Please sign in

Trader

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

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