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Cardinal Health (CAH)

Stock (Drugs Wholesale Industry, Pharma & Healthcare Industry)

Cardinal to Buy Viasys Cardinal Health announced it would buy Viasys Healthcare Inc. for $1.42 billion, an acquisition hat will help Cardinal expand in international markets. Poor Third Quarter Earnings Cardinal Health's third quarter earnings fell 87% because it reserved $600 million towards the possible settlement of a lawsuit. Strong Second Quarter, Blackstone Bid for PTS Cardinal Health's second quarter revenues rose 13% to $21.8 billion, exceeding expectations on the Street. Cardinal also agreed to sell it's PTS segement to Blackstone Group for $3.3 billion in cash.

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