Degussa to sell dental unit to Dentsply for 576 million euros

Article Abstract:

Degussa AG is planning to sell its Degussa Dental unit to Dentsply International Inc. The deal is valued at 576 million euros in cash.

Foreign operations, Dental equipment and supplies, Dental Equipment and Supplies Manufacturing, Dental Equipment & Supplies, Dental equipment and supplies industry, Dental equipment industry, DENTSPLY International Inc., XRAY, Degussa Dental Group

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Schering will take a stake MorphoSys and fund research

Article Abstract:

As part of a strategic partnership between the two companies, Schering AG has reached a deal to acquire a minority share of MorphoSys AG. Schering will acquire 10% of MorphoSys. Both firms will also conduct joint development of diagnostic tests and antibody drugs.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Alliances, partnerships, Pharmaceutical industry, Drugs, Contracts, Schering AG, MorphoSys AG

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BASF will buy Degussa division in bid to diversify

Article Abstract:

BASF AG of Germany is to purchase Degussa AG's chemical-construction business for 2.2 billion Euros ($2.62 billion). The chemical giant is also trying to buy catalyst maker, Engelard Co. of the United States, in a hostile acquisition. BASF AG is planning to diversify to avoid negative cyclical margins.

CHEMICALS AND ALLIED PRODUCTS, Company acquisition/merger, BASF AG, Chemical industry, Company Profile, Pesticides industry, Herbicides, Sulphur industry

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