BRIEFCASE SYNCOR DEAL SET TO BE DONE TODAY.Byline: - Staff and Wire Services Drug wholesaler Cardinal Health <includeonly></includeonly> Cardinal Health (NYSE: CAH) is a premier, global healthcare company dedicated to making healthcare safer and more productive. Overview Headquartered in Dublin, Ohio, Cardinal Health, Inc. Inc. is expected to complete its $770 million acquisition of Woodland Hills-based nuclear pharmacy Nuclear Pharmacy involves the preparation of radioactive materials that will be used to diagnose and treat specific diseases. It was the first pharmacy specialty established in 1978 by the Board of Pharmaceutical Specialties. services company Syncor International Corp. today. Shareholders of the California-based Syncor signed off on the deal on Monday. Cardinal shareholders did not have to give their approval. Ohio-based Cardinal announced the deal in June, but studied it further after discovering that Syncor made improper payments to customers overseas. Cardinal decided to go ahead with the deal, but at less than the $1.1 billion originally proposed. Cardinal will exchange 0.47 shares of Cardinal stock for each share of Syncor stock. The original deal was an exchange ratio of 0.52. Syncor has reached agreements with the Department of Justice and the Securities and Exchange Commission, which had been investigating the improper payments. Insurance board gets an overhaul WOODLAND HILLS - 21st Century Insurance Group announced changes to its board of directors Tuesday designed to enhance its corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and broaden the overall expertise of its board. The company has expanded the size of its board from nine to 11 and named three new directors: Keith Renken, Fred Martin This article is about the football player. For the cricketer who was known as "Nutty" Martin, see Frederick Martin. Fred Martin (born May 13, 1929 in Carnoustie) is a retired Scottish professional international footballer who played as a goalkeeper. , and Jeff Hayman. Hayman replaces William Dooley, senior vice president of AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , who announced his resignation from the board. Renken and Martin will join current director, John B. De Nault III, as the company's audit committee. Global to replace outgoing Winnick MADISON, N.J. - The board of directors of troubled telecommunications firm Global Crossing is expected to name two independent board members to replace board chairman and founder Gary Winnick, who resigned effective Tuesday. The board accepted Winnick's resignation Tuesday and said in a statement it expected to elect independent directors Jeremiah D. Lambert and Myron E. Ullman III to replace him. A vote making it official is set for next week, a spokesman said. The two have served since April 2002 as independent directors of Global Crossing and as members of the audit committee, compensation committee and special committee on accounting matters. Confidence sinks for December NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Consumer confidence unexpectedly fell in December as the outlook for employment worsened, energy prices rose and the stock market slumped during a period of heightened uncertainty around the globe. It was the sixth time in seven months that consumer sentiment soured, the New York-based Conference Board reported Tuesday. The research group's Consumer Confidence Index Consumer Confidence Index A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an dropped to 80.3 from a revised 84.9 in November, the only month the index rose since June. Analysts had been expecting the reading to rise to 88.0 in December. |
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