TITLE

Schering Board Accepts Bayer Offer; Private Equity Firms Eye Bayer Units

AUTHOR(S)
Alperowicz, Natasha
PUB. DATE
April 2006
SOURCE
Chemical Week;4/5/2006, Vol. 168 Issue 12, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the recommendations by the supervisory board of Schering that shareholders accept a takeover offer from Bayer as of March 29, 2006. The deal will increase Bayer's health care sales, making it the 12th-largest health-care group, compared with its current rank of about 20. The business will account for almost 50 percent of Bayer group sales, compared with the current 36 percent and will be by far the largest of Bayer's three manufacturing subgroups, which also include Bayer MaterialScience, and Bayer CropScience.
ACCESSION #
20484330

 

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