Stryker to buy Howmedica from Pfizer

Article Abstract:

Pfizer Inc., which wants to concentrate on its profitable pharmaceuticals business, sell its Howmedica orthopedics unit to the Stryker Corporation for $1.9 billion, giving the company about 15% of the orthopedics worldwide market. Industry analysts reported that as a result of the acquisition, Stryker's earnings growth would slow to 5% in 1999.Stryker, which had over $980 million in 1997 sales, will take a $400 million fourth quarter pretax charge for the merger. Howmedica reported 1997 sales of $821 million.

Comment:

Will acquire the Howmedica orthopedics unit of Pfizer Inc. for $1.9 billion

Asset sales & divestitures, Acquisitions & mergers, Surgical Appliance and Supplies Manufacturing, Medical Instruments & Equipment, Medical Equipment and Supplies Manufacturing, Licensing/Sales Agreements, Orthopedic Appliances & Supplies, Medical equipment, Stryker Corp., Article, Howmedica Inc.

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So easy to buy, such a struggle to return

Article Abstract:

Most online retailers give shoppers 30 days to return products, but some consumers find gathering together the receipts, boxing up the merchandise, and shlepping it to the post office not worth the hassle for low priced items. Some vendors require a Return Merchandise Authorization number from the customer service phone center. Often consumers must pay for the shipping themselves, and the retailer may charge a restocking fee on some items.

Telegraph & other communications, Video Retailing Service, All Other Information Services, Management, Forecasts and trends, Online services, Internet services, Market trend/market analysis, Electronic commerce, E-commerce, Home shopping, Customer service, Public relations

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