Looking towards a healthy future

Article Abstract:

The merger of SmithKline Beckman Corp and Beecham Group PLC to form SmithKline Beecham (SB) is slowly showing signs of being a strategic and profitable venture. The formation of SB came at a time when both pharmaceutical companies were being exposed to the threat of takeovers. The union enabled the two companies to acquire international prominence in the drug industry and took two years to plan. During this period management was reorganized, the work force reduced and shareholders offered equity in the new company. Merger borrowings were reduced to 600 million pounds sterling by Dec 1991 from a previous total of 1.7 billion pounds sterling. Proof of the profitability of the union is seen in SB's current ranking as fourth in the international drug industry and second in the UK.

Pharmaceutical preparations, Management, Planning, Pharmaceutical industry, Mergers, acquisitions and divestments, Acquisitions and mergers, SmithKline Beecham Corp. (Philadelphia, Pennsylvania), Company Profile, Beecham Group PLC, SmithKline Beckman Corp.

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Listing towards America

Article Abstract:

Issues discussed concern the movement of Indian companies to American stock exchanges following the increase in interest among US investors. Topics addressed include the Indian economy, the increase in Indian listings on American rather than British stock exchanges, and the political and economic relationship between India and the US.

India, Stock-exchange, International economic relations, Business planning, Securities listing

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