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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 16 9:30 AM EST

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To: richardred who wrote (1650)	3/4/2008 1:03:12 PM
From: richardred	Read Replies (2) of 7259

Cardinal Health to Acquire Enturia Tuesday March 4, 10:23 am ET Cardinal Health to Pay $490 Million in Cash to Acquire Privately Held Enturia DUBLIN, Ohio (AP) -- Cardinal Health Inc., a provider of health care products and services, said Tuesday it will acquire Enturia Inc. for $490 million in cash. Privately held Enturia sells infection-prevention products under the ChloraPrep brand name. ChloraPrep will be added to Cardinal Health's medical products and technologies segment. Cardinal Health expects the acquisition to reduce earnings in 2008 before boosting earnings in 2009. Despite an expected reduction in 2008 earnings, Cardinal Health reiterated its earnings from continuing operations of $3.75 to $3.85 per share. That estimate includes the impact of the acquisition. The deal is expected to close within two months. Shares of Cardinal Health fell 62 cents to $58.50 in morning trading. biz.yahoo.com

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