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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Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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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

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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