A lesson in complexity
Article Abstract:
The $7.7 billion merger in 1996 of the dialysis businesses of German concern Fresenius with National Medical Care (NMC) created Fresenius Medical Care, the largest integrated dialysis products concern in the world. The deal was extremely complicated to arrange, but the new concern was well received by investors in the US and Germany. Initially, WR Grace, NMC's parent company, was required to use a 'Morris trust' structure to separate its non-dialysis operations into a new subsidiary. Fresenius received 50.3% of the ordinary share capital of Fresenius Medical Care, with shareholders in WR Grace receiving 44.8%.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Scandinavian roller-coaster reaches its peak
Article Abstract:
Scandinavia has recovered from the economic downturn of the early 1990s and is ready to join European Monetary Union in Jan 1999. The mergers and acquisitions market is very active, with Sweden seeing over 700 deals in 1997, valued at 7.5 billion pound sterling. Many firms choose to use floatation to raise funds rather than sell through a buyout deal although the large amount of funds available mean buyouts will always be a major option.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Consumer electronics in France. Consumer electronics in Germany. Consumer electronics in Italy
- Abstracts: Dairy products in Germany. Dairy products in Spain
- Abstracts: Walking on energy-saving air. Product review. Breaking the sound barrier
- Abstracts: The fluctuating world of Italian private equity. Private equity in the East feels the heat
- Abstracts: France is in fashion. A lesson in cross-cultural management