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| Acquiring Party | Bayer AG, a global pharmaceutical, diagnostics and industrial products manufacturer, based in Germany. |
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| Transferring Party | Schering AG, a large biopharmaceutical manufacturer, contraceptives and genetic technologies. |
| Sector | Biopharmaceuticals |
| Date | March 23, 2006 |
| Analysis The white-knight offer (countering German Merck KGaA's bid) grows Bayer's pharmaceutical specialty product business (its primary growth engine), adds an innovative product portfolio and a well-stocked pipeline. Deal value $21.2b, with prospective cost savings of more than $840m. Schering's sales and EBITDA were about $6.39b (3.3x) and $1.5b (14.1x). | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |