Royal & Sun will launch bid for Orion

Article Abstract:

Royal & Sun Alliance PLC is planning to acquire Orion Capital Corp. in a deal valued at almost $1.4 billion (1.38 billion euros). Orion is a non-life insurance company based in the US. Stockholders in Orion will be given $50 per share according to the terms of the transaction. Royal & Sun is based in the UK. The deal represents the latest attempt by a European insurer to take an acquisition target in the US.

Comment:

Royal and Sun Alliance to acquire Orion Capital in deal valued at almost $1.4 billion (1.38 billion euros)

United Kingdom, Insurance, Insurance Carriers and Related Activities, Insurance industry, Abstract, Royal & SunAlliance PLC, Orion Capital Corp.

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Baxter to purchase oncology business from Degussa

Article Abstract:

Baxter International Inc. will purchase Degussa AG's Asta Medica oncology unit for Euro525 million, its first foray into cancer therapeutics.

Germany, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Drugs, Pharmaceutical industry, Asta Medica AG, BAX, Degussa AG (Frankfurt, Germany), Baxter International Inc. (New York, New York)

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