Avantor To Acquire Ritter GmbH – Quick Facts
Avantor, Inc. (AVTR) has agreed to acquire Ritter GmbH and its affiliates in an all-cash deal with an upfront equity purchase price of approximately 890 million euros. Headquartered in Schwabmünchen, Germany, Ritter is a manufacturer of robotic and liquid handling consumables, including conductive tips engineered to exacting standards.
Michael Stubblefield, CEO of Avantor, said: “The combination will significantly expand our proprietary offering to the biopharma and healthcare end markets and significantly enhance Avantor’s offerings for critical lab automation workflows.”
Avantor expects the acquisition to be immediately accretive to adjusted earnings per share upon closure and is anticipated to enhance the company’s revenue growth and margin profile.
Thai cenbank allows bond investor registration until early Jan
BANGKOK, April 12 (Reuters) – Thailand’s central bank will allow registration for non-resident bond investors by Jan. 4 next year, it said on Monday, in order to enhance market surveillance to safeguard exchange rate stability and financial stability.
The step requires investors pre-register for authentication before trading bonds, and trading must be settled through accounts registered with the central bank, the Bank of Thailand said in a statement. (bit.ly/32aF93m)
The rule is part of a series of measures announced late last year aimed at balancing fund flows.
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MLB power rankings: Can anything be discerned from baseball’s opening weeks?
It's a very small sample size, but perhaps it's not too early in the 2021 Major League Baseball season to start reading into everything.
While the Dodgers and Padres burst out of the gates as expected, other presumed contenders such as the Yankees, Rays and Mets have stumbled. Meanwhile, the Angels and Reds have vastly outperformed preseason predictions and the Astros are cementing themselves as a team to fear in the American League.
The first in-season power rankings of the year always provides some oddities, so take a look at how USA TODAY Sports' seven-person panel voted:
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Signet Jewelers Increases Guidance
Signet Jewelers Limited (SIG) increased its first quarter and fiscal 2022 guidance. For the first quarter, the company now expects: non-GAAP operating income $85 million to $100 million, revised from prior guidance of $40 million to $60 million. Same store sales are now projected to rise 97% to 99%, compared to prior outlook of 80% to 84%. The company now expects first quarter total revenue of $1.57 billion to $1.60 billion, updated from prior guidance range of $1.42 billion to $1.46 billion.
For fiscal 2022, the company now expects: non-GAAP operating income $335 million to $364 million, revised from prior guidance of $290 million to $324 million. Same store sales are now projected to rise 17% to 20%, compared to prior outlook of 14% to 17%. The company now expects fiscal 2022 total revenue of $6.00 billion to $6.14 billion, updated from prior guidance range of $5.85 billion to $6.00 billion.
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