Belgium-based Solvay Group has agreed to sell its pharmaceuticals sector to Abbott Laboratories for $6.6 billion in cash, diversifying Abbott's product portfolio and increasing its presence in the expanding markets of Eastern Europe and Asia. Also, Bank of America has sold its long-term asset management business, Columbia Management, to Ameriprise Financial for $1 billion.
October 08, 2009 at 12:00 AM
1 minute read
Belgium-based Solvay Group has agreed to sell its pharmaceuticals sector to Abbott Laboratories for $6.6 billion in cash, diversifying Abbott’s product portfolio and increasing its presence in the expanding markets of Eastern Europe and Asia.
In addition to the cash payment, Solvay could receive an additional $441 million in milestone payments based on product performance between 2011 and 2013, bringing the grand total of the deal to $7.1 billion.
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
