Bayer joins race to build German drug titan

Article Abstract:

An acquisition bidding war for Schering AG of Germany has rivals Bayer AG of Germany and Merck KGaA also of Germany in competition. Bayer's latest volley is expected to win the acquisition, with an offer of 16.34 billion Euros ($19.73 billion). The anticipated company would be called Bayer-Schering Pharmaceuticals with projected sales of $9 billion per year.

Germany, Pharmaceutical preparations, Pharmaceutical industry, Bayer AG, Schering AG, BAYZY, Company overview

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TomTom escalates bid war for digital mapper

Article Abstract:

Dutch satellite navigation equipment manufacturer TomTom N.V. has increased its bid for Tele Atlas N.V., a Netherlands digital map company. The new $4.22 bil bid represents a 41% increase over its July 2007 bid, and tops a counterbid by US-based Garmin Ltd.

United States, Strategy & planning, On-Line Information Services, Database Vendors, Telephone communications, exc. radio, Information retrieval services, Search and navigation equipment, Communication services, not elsewhere classified, Planning, Netherlands, Database industry, Satellite communications services industry, Company business planning, Avionics industry, Garmin Ltd., TA, Tele Atlas N.V., GRMN

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