In the battle between global consumer-health companies for a multi billion dollar foot-care, allergy and sun-tan lotion business, Reckitt Benckiser Group Plc has advantages that rivals will be hard pressed to match.
Sun Pharmaceutical Industries Ltd., India’s largest drugmaker by market value, agreed to buy competitor Ranbaxy Laboratories Ltd. for $3.2 billion from Japan’s Daiichi Sankyo Co., which paid 61 percent more for the company five years ago.
An effort to sell Anixter International Inc., the wiring parts maker that counts billionaire Sam Zell among its investors, has stalled as potential buyers reject the company’s price expectations, according to several people familiar with the matter.
California laws allowing highly ineffective teachers to keep their jobs impair students for life and should be thrown out, a lawyer told a judge at the end of a two-month trial over whether tenure protections violate a constitutional right to an education.
Flagstone Foods, the Minneapolis- based holding company for Ann’s House of Nuts and Amport Foods working with banks to explore a sale, may be valued at about $1 billion, people with knowledge of the matter said.
PQ Holdings Inc., the chemicals company owned by Carlyle Group LP that filed for an initial public offering last month, has drawn interest from several potential suitors, people with knowledge of the matter said.
The cars at the center of General Motors Co.’s February recall were still on the drawing board when a top engineer gathered more than a dozen managers and delivered a fateful message: Build them for less.