Articles > Newspapers > U.S. Newspapers, Major Markets > The Milwaukee Journal Sentinel (Milwaukee, WI) news wires > January 1996

Article: Lunar will spin off Bone Care operation

Article from:
The Milwaukee Journal Sentinel (Milwaukee, WI)
Article date:
January 11, 1996
Author:
Copyright

Lunar Corp. will spin off its Bone Care International unit to shareholders within several months, a move an executive said Wednesday would help focus both companies.

The spinoff will occur just as Bone Care begins an expensive, two-year series of tests on its vitamin D compounds for treating osteoporosis and other diseases. The main business of Madison-based Lunar is the production of machines that detect osteoporosis.

"You really have two different businesses," said Robert A. Beckman, vice president of finance for Lunar.

Lunar shareholders are focused mainly on quarterly earnings, Beckman said, and the clinical tests to be done by Bone Care would be "a drag on Lunar's earnings over the next ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Lunar Corp. announces record sales and projected spinoff ...
Business Wire;  January 10, 1996 ;     700+ words ... ... Dr. Mazess also described Lunar's plans to spin off Bone Care International to Lunar shareholders within several months. Lunar has engaged KPMG Peat Marwick ... free nature of the spinoff. Bone Care conducts early-stage research ...

Article: Lunar Corp. announces record sales and earnings, and ...
Business Wire;  January 19, 1996 ;     700+ words ... ... Dr. Mazess also confirmed Lunar's plans to spin off Bone Care International to Lunar shareholders within several months. Lunar has engaged KPMG Peat Marwick ... free nature of the spinoff. Bone Care conducts early-stage research ...

Article: Lunar Corp. (plans to spin off its Bone Care ...
The BBI Newsletter;  February 1, 1996 ;     360 words ...Lunar Corp. (Madison, Wisconsin) plans to spin off its Bone Care International subsidiary to Lunar shareholders later in 1996.

Article: Bone Care International Inc. The Madison-based drug ...
The Milwaukee Journal Sentinel;  January 21, 1997 ;     412 words ...4th quarter % 12/31 1996 1995 change Net income $0.561 ($0.666) NA EPS 0.50 (0.56) NA 12 months Net income $1.32 $0.27 +393 EPS 1.17 0.23 +409 Figures in millions except for earnings per share.

Article: Wisconsin to the marrow; Bone Care proves state can ...
The Milwaukee Journal Sentinel;  September 4, 2005 ;     700+ words ... ... the groundwork Bone Care's origins date to 1987, when Lunar Corp. licensed ... 45 million when Lunar was sold, would make even more on Bone Care.) Bishop recognized ... showing promise, Lunar, a public company, spun off Bone Care to its stockholders ...

Article: THINGS ARE RITZY FOR BONE CARE ONCE ON ROPES, ...
Wisconsin State Journal (Madison, WI);  October 28, 2004 ;     700+ words ... ... continue on." Founded in 1987 as a division of Lunar Corp. -- now part of GE Healthcare -- Bone Care's drugs are based on technology developed ... Most companies would not have done what Lunar did, but (former Lunar president) Dick Mazess ...

Article: New drug counted on to give Bone Care stock a big ...
The Milwaukee Journal Sentinel;  September 10, 2000 ;     700+ words ... ... said Gellman, who lists Bone Care among the five biggest holdings in his portfolio. Bone Care was spun out of Madison-based Lunar Corp. in May 1996. It ... Gellman originally acquired Bone Care through a stake in Lunar, but has continued buying ...

Article: BONE CARE JOBS HERE IN QUESTION.(BUSINESS)
The Capital Times (Madison, WI);  May 5, 2005 ;     700+ words ... ... target price of $35 for Bone Care and Roth Capital set a target of $34. Bone Care was founded in 1987 as a division of Lunar Corp., which later was bought by GE Medical. Bone Care went public in 1996 at ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives