TreeHouse Foods profit tops forecasts
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By Sony Kassam Despite increased competition and an unfavorable pricing environment, TreeHouse Foods Inc. released fourth quarter results that outperformed Wall Street’s expectations Thursday. The Oak Brook, Illinois-based provider of private label foods and beverages said net income rose 9.8 percent to $37.3 million, or 85 cents per diluted share, from $33.9 million, or 78 […]
Analysts predict strong earnings for Zimmer Biomet post-acquisition
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By Sarah Very The hub of orthopedic innovation exists in Lilliputian, quaint Warsaw, Ind. — where news of corporate mergers and artificial joints fills radio broadcasts and coffee shop smalltalk. On June 24, 2015, Zimmer Inc. acquired crosstown rival Biomet Inc. for $13.35 billion — positioning Zimmer Biomet Holdings Inc. as the second largest company […]