ORG-MARG TO GO DUTCH AS VNU SEEKS CONTROL

Article Abstract:

VNU of Netherlands, an information company, has received the approval of the Foreign Investment Promotion Board to raise its stake in ORG-MARG. VNU proposes to increase its stake in ORG- MARG, a market research firm, to 74 percent from 30 percent. It will raise its stake by acquiring 50.2 percent stake from Advani family and BI group. It will pay $22 million for the additional stake. VNU will offer the additional six percent stake to a local company. ORG-Marg Chairman Titoo Ahluwalia and a staff trust hold the rest of 19.2 percent shares. VNU plans to enter into the Chinese market research business. (ag)(psr)

United States, Acquisitions & mergers, Netherlands, Capital expenditures, Company Planning/Goals, PRINTING AND PUBLISHING, India, Printing & Publishing, Market Research, Verenigde Nederlandse Uitgeversbedrijven B.V., ORG MARG

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GLAXO STALLS RANBAXY'S RANITIDINE ENTRY INTO US

Article Abstract:

Glaxo has the patent for ranitidine. On December 18, 1998, it applied to the drug authorities in USA for extension of the patent. It has found that ranitidine could be used safely for treating gastric disorders in children. This is likely to affect the launch of the approved version of ranitidine in USA by Ranbaxy Laboratories. Ranbaxy Laboratories had planned to launch a 75 mg over-the-counter ranitidine formulation in USA. (rk/kvr)

United Kingdom, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Pharmaceutical Preparation Manufacturing, Strategic alliances, Digestive System Preps NEC, Drugs, Gastrointestinal agents, Glaxo Holdings PLC

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