Swiss pharmaceutical giant Novartis will pay $28.1 billion for an additional 52 percent stake in Alcon, the world's largest eye-care company. The transaction is the second stage of a takeover announced in April 2008 when Novartis purchased from Nestl� S.A. 25 percent of the company for $10.4 billion. Also, Cedar Fair Entertainment Co., an Ohio amusement park and resort operator, has agreed to be acquired by Apollo Management LP for $650 million.
January 07, 2010 at 12:00 AM
1 minute read
Swiss pharmaceutical giant Novartis will pay $28.1 billion for an additional 52 percent stake in Alcon, the worlds largest eye-care company.
The transaction is the second stage of a takeover announced in April 2008 when Novartis purchased from Nestlé S.A. 25 percent of the company for $10.4 billion (NYLJ, April 10, 2008).
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