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On July 8, 2010, Alcon's independent director committee (IDC) had set up a $50 million litigation trust to ensure company's minority shareholders get the best deal from bidder Novartis AG. [15] On April 9, 2019, Alcon completed a 100% spin-off from Novartis. [4] [16] [17] The new standalone company is worth up to 28 billion Swiss francs. [18 ...
The total cost to Novartis for the 77% stake in Alcon was $38.7 billion ($168 per share). In the deal's first phase, Novartis acquired a 25% stake in Alcon from Nestlé for $10.4 billion in July 2008.
Asianet Mobile TV. (World wide) Asianet Suvarna News is a Kannada news channel owned by Asianet News Network, a news media subsidiary of Jupiter Capital Private Limited. [1] The majority shareholder of the company is Rajeev Chandrasekhar, who is a Rajya Sabha member from the Bharatiya Janata Party. [2] Launched on 31 March 2008, the channel was ...
The deal, which comes after price pressure hurt the U.S. pills business, includes some 300 products. Novartis said the transaction will result in a roughly $70 million impairment, to be confirmed ...
By John Miller ZURICH (Reuters) - Swiss eyecare company Alcon made its debut on the SIX Swiss Exchange on Tuesday with a market capitalisation of more than $25 billion after a shareholder spin-off ...
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Novartis agreed to acquire U.S. radiopharmaceutical company Mariana Oncology for $1 billion upfront, boosting its portfolio of precision cancer treatments in development, the Swiss drug ...
Nestlé agreed to sell its controlling stake in Alcon to Novartis on 4 January 2010. The sale was to form part of a broader US$39.3 billion offer by Novartis for full acquisition of the world's largest eye-care company. [41] On 1 March 2010, Nestlé concluded the purchase of Kraft Foods's North American frozen pizza business for US$3.7 billion.