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Fly News Breaks for February 29, 2016
ABT, ALR
Feb 29, 2016 | 08:32 EDT
Canaccord noted Alere (ALR) disclosed a second subpoena from the SEC and said the company is voluntarily expanding additional aspects of its revenue recognition in China. Canaccord said the disclosure does add some uncertainty to its deal with Abbott (ABT) but said their best guess is the deal still gets done. Canaccord maintained its Hold rating on Alere shares.