Stryker to buy Pfizer unit for $1.9 billion: planned deal would make medical-products firm leader in the industry

Article Abstract:

Kalamazoo, MI-based orthopedic products and medical instruments firm Stryker Corp. has agreed to acquire Pfizer Inc.'s Howmedica unit for $1.9 billion. The move constitutes the latest in a stream of such deals in the medical products sector. Informed sources say that little-known Stryker won an auction for Howmedica, which is in a similar business. The acquisition will position Stryker as No. 1 or No. 2 in the medical-products sector.

Comment:

Has agreed to acquire Pfizer Inc.'s Howmedica unit for $1.9 billion

Medical Instruments & Equipment, Medical Equipment and Supplies Manufacturing, Medical Instruments & Supplies, Pfizer Inc., Medical equipment, Medical equipment industry, Stryker Corp., Howmedica Inc.

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Charter One to announce deal to buy Albank for about $1 billion

Article Abstract:

Charter One Financial Corp. is expected to purchase Albank Financial Corp. in an approximately $1 billion stock deal. The deal is reflective of the increasing consolidation trend that is taking place in the thrift industry. The acquisition will make Charter One the fourth-largest thrift in the US with assets worth approximately $23.6 billion. Albank has approximately $4.1 billion in assets.

Commercial Banks, Commercial Banking, Mutual Savings Banks, Albank Financial Corp., Charter One Financial Corp.

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