Posts Tagged ‘merger’
Wyeth want to Join with Pfizer
U.S. pharmaceutical company Wyeth, said its shareholders agree to takeover deal by rival Pfizer. so that more and raise the largest drug producer in the world. According to Wyeth, an initial count showed 98 percent of the shareholder vote approving the merger. ”Mergers are the best in the interests of the company and our shareholders,” said Wyeth’s chief executive, Bernard Poussot.
Join with Pfizer, Poussot see opportunities to increase the scale and resources necessary to become the world’s leading biopharmaceutical company and leader in the industry of human and animal health care, both in the prevention or treatment of disease. The combined organization will continue the mission of bringing innovative solutions Wyeth medical patients around the world. Pfizer, the world’s largest pharmaceutical company, announced merger plans in January and looking for diversification in preparation for the termination of patent rights on medicines phenomenal. The total transaction value of U.S. $ 68 billion (48.2 billion euros) seems to be the largest takeover in the global pharmaceutical sector since Pfizer acquired Warner-Lambert Co.. worth U.S. $ 93.4 billion in 2000.
Two Japanese Companies Want Beverage Giant Merger
Kirin Holdings, the Japanese beverage company, and Suntory is negotiating for a merger that would create one of the largest beverage producer in the world. Kirin Holdings Co. and Suntory Ltd. Holdings aims to reach an agreement this year, according to the Nikkei business daily reported without naming its source.
Entities of the merger will become the largest producer of soft drinks in Japan and the world with combined sales of 3.8 trillion yen group (U.S. $ 410 billion). The parent company will be greater than Anheuser-Busch InBev, based in Belgium and the Coca-Cola Co. of the United States. The new company will be equivalent to the food and beverage giant Pepsi Co. Inc. and Kraft Foods Inc. It is said, Kirin and Suntory is expected to strengthen their domestic revenue base and accelerate development of overseas market expansion. ”We have worked closely with Suntory in distribution, procurement, and many other fields, but nothing concrete has been decided about a business merger, as reported,” the company said in a statement.
