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Bayer to assure Merkel over its takeover of Schering
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AFP - Bayer chairman Werner Wenning wants to reassure Chancellor Angela Merkel over its planned buyout of pharmaceutical rival Schering, which will cost 6,000 jobs.
Schering boss welcomes takeover, regrets loss of independence
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AFP - German pharmaceutical group Bayer's purchase of rival Schering makes sense commercially and strategically, Schering boss Hubertus Erlen said in an interview, while regretting his company's loss of independence.
Schering Embraces $19.6B Bid by Bayer
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AP - Bayer AG's 16.3 billion euro ($19.6 billion) offer for drugmaker Schering AG was embraced enthusiastically by its target Friday as German rival Merck abandoned its own takeover offer.
Schering CEO Underscores Bayer Offer
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AP - The chief executive of Germany's Schering AG on Friday underscored his company's welcome for a "highly attractive" $19.5 billion offer from pharmaceutical and chemical firm Bayer AG, saying managers had concluded that Schering could not remain independent.
Schering shares surge as Bayer rides to rescue
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Reuters - Schering shares jumped on Friday after drugs and chemicals group Bayer unveiled a friendly "white knight" offer for the drugmaker, topping a bid from German rival Merck KGaA.
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Schering supports Bayer drug bid
BBC
German drugs firm Bayer makes a $19.5bn bid for Schering, after the latter rejects a bid from Merck.
Sources: BBC
Bayer Makes $19.5B Offer for Schering
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AP - German pharmaceutical and chemical company Bayer AG said Thursday it would make a 16.3 billion euro ($19.5 billion) white-knight offer for Schering AG, bidding against a hostile takeover effort from Merck KgA.
Sources: YAHOO
Bayer to bid for Schering
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Reuters - German drugs and chemicals group Bayer confirmed on Thursday that it plans to make an offer for rival Schering and said it would offer 86 euros per share, valuing the Berlin-based company at 16.3 billion euros ($19.66 billion).
Sources: YAHOO
Bayer Subpoenaed by DOJ
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AP - Bayer AG has been subpoenaed by the U.S. Justice Department seeking information about its plastics unit, MaterialScience, the company revealed in a filing with the U.S. Securities and Exchange Commission.
Sources: YAHOO
Bayer Says 4Q Profit Fell 33 Percent
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AP - German drugmaker Bayer AG said Monday its fourth-quarter profit fell 33 percent after it set aside 275 million euros ($330.5 million) to settle claims that it colluded on prices of rubber and plastic in the U.S.
Sources: YAHOO
Bayer operating profit soars 56 pct in 2005
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AFP - Bayer, the German chemicals and pharmaceuticals giant, said that operating profit jumped by 56 percent to 3.3 billion euros (four billion dollars) in 2005.
Sources: YAHOO
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