German pharmaceutical giant Bayer has reportedly won a bidding process to acquire the consumer care business of US peer Merck with a $14.2 billion offer.
The acquisition will place products including Coppertone and Claritin in the hands of Bayer, which said the deal will allow the firm to strengthen its position …read more
Soon after Bouygues lost to Numericable to acquire wireless operator SFR, reports say Bouygues and SFR have approached their newest rival, Virgin Mobile, for a possible acquisition.
According to reports, Virgin is the newest wireless operator in France to offer LTE service. But UK retailer Carphone Warehouse, which owns a 46 …read more
Competition from foreign companies poses intensifying competition for China’s dairy industry, especially its infant formula market, as new regulations aim to streamline dairy imports.
According to reports, new rules, which took effect May 1, allow foreign dairy companies to import products that meet quality standards when approved by regulators. Reports say …read more
Office supply retailer Office Depot is reportedly slated to close 400 stores in the nation following its acquisition of rival OfficeMax to reduce overlap between the two companies.
According to reports, the closings will save the firm about $75 million a year by the end of 2016.
In a statement, Office Depot …read more