Up to half of today's 1,500 or so biotech firms (fewer than 400 of which are public) will disappear, aided by mergers.But if biotech companies are so far from breakthrough products, why will anybody buy them?
First, a tale of the tape: Walgreen Rite Aid A merger could create a big new drug store company capable of pushing back against increasingly strong pharmacy benefit managers like Express Scripts that are driving down reimbursements for drugs.
He said the business was also being aided by mergers and takeovers in the sector, with some large private-equity-backed dental groups growing significantly and operating more than 400 practices.
Instead, several top-performing funds owned shares in old-economy energy companies that benefited from rising energy prices, and in the financial services sector, which was aided by mergers and stabilizing interest rates.
PAGE B7 AUTO MERGER HINGES ON U.S. AID A possible merger of General Motors and Chrysler increasingly appears to hinge on the government providing aid to support the deal.
Other problems facing the airlines, the group said, include uncertainty about the approaches by the European Union and governments toward state aid and airline mergers.
[C2.] Bertelsmann Taps New Music Chief Bertelsmann, the German media giant, has named Rolf Schmidt-Holtz the new chief executive of its music arm, BMG Entertainment, an appointment that could aid a potential merger with the EMI Group of Britain.
Bertelsmann A.G., the German media giant, has named Rolf Schmidt-Holtz the new chief executive of its music arm, BMG Entertainment, an appointment that could aid a potential merger with the EMI Group of Britain.
There now appears to be little chance that direct aid for the merger will come from a $25 billion federal loan program aimed at investments in more fuel-efficient vehicles, according to three people familiar with the discussions in Washington.
There will always be a tail depending on people and nature of operations etc. Mergers can aid public service contract tenders: Government have mostly awarded the main public service contracts to the big primes and charities involved have had to join together to bid effectively – alone they could not necessarily have delivered the wide-ranging outputs required.
