$80 billion drug merger talks back on

Article Abstract:

Glaxo Wellcome PLC and SmithKline Beecham PLC are in renewed negotiations regarding their merger. The acquistion of SmithKline by Glaxo will create the largest pharmaceutical company in the world, overtaking Merck and Company Inc. Under the meger terms, Glaxo shareholders will own 60% of the new company, while SmithKline shareholders will own 40%. The transaction, which could be announced as early as Jan 17, 2000, is valued at $80 million.

SmithKline Beecham PLC

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Drug merger turns into tense triangle

Article Abstract:

Warner-Lambert Co and Pfizer Inc is holding talks on a possible merger. A decision by Warner-Lambert to merge with Pfizer will be detrimental to American Home Products Corp (AHP), which was the first to propose a merger with Warner-Lambert. Warner-Lambert is being pressured by its shareholders to consider Pfizer's stock offer of $92.18 per share, which is significantly larger than AHP's offer of $63.59 per share.

Warner-Lambert Co.

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Drug firms polish merger

Article Abstract:

The merger between Glaxo Wellcome and SmithKline Beecham is expected to create the world's biggest pharmaceutical company with a market value of $180 billion and 7% share in the global prescription drug market. The combined firm, which would dislodge Merck as the world's largest drug firm, would have annual sales of $27 billion with 105,000 employees. Every SmithKline share would be paid with 0.48 Glaxo share, giving Glaxo a 58% stake in the new company and SmithKline, 42%.

Foreign operations, Drugs, Glaxo Wellcome PLC, SmithKline Beecham

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