Hoechst and Rhone-Poulenc move on to advanced stage in talks on merger
Article Abstract:
Hoechst AG, based in Germany, has held advanced talks with France-based Rhone-Poulenc SA to merge their pharmaceutical and agrochemical operations into a new jointly owned firm. The transaction, one of the biggest industrial mergers in Europe, is expected to be announced on Nov. 17, 1998, when Hoechst unveils its third-quarter 1998 results at a news conference in Frankfurt, Germany. Stock prices of hybrid drug/agrochemical firms surged in anticipation that a Hoechst and Rhone-Poulenc merger may prompt other industry players to consolidate.
Comment:
Holds advanced talks w/ Hoechst AG to merge their pharmaceutical and agrochemical operations into a new jointly owned firm
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Cedel merger may represent clearing leap
Article Abstract:
Cedel International and Deutsche Boerse Clearing are expected to announce a merger on May 14, 1999. French clearing system Sivocam S.A. and the Paris stock exchange are expected to announce at the same time that they will join the merged Cedel and DBC, creating the basis for a pan-European clearing system. The alliance will not involve the London stock exchange clearing organization, CrestCo Ltd. Cedel and Deutsche Boerse will each own 50% of the merged company, which will be headquartered in Luxembourg and headed by Cedel CEO Andre Lussi.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Veba-Viag merger brings together Degussa and SKW
Article Abstract:
Veba AG subsidiary Degussa-Huels AG and merger partner Viag AG's SKW Trostberg AG will form a new specialty chemicals company, Degussa AG.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Israelis who say no to peace with Syria. Peace walks on water. A Syrian-Israeli peace?
- Abstracts: The challenge of the past. The politics of Pinochet. Chile buries its political ghosts - some of them, anyway
- Abstracts: China's hop, skip and jump on to Taiwan. Taiwan stands up
- Abstracts: Gene genies. The genetic starting line
- Abstracts: Lean, mean and has-been. Keep taking the medicine. To cut or not to cut