Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Bayer AG    BAYN   DE000BAY0017

BAYER AG (BAYN)

212
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Bayer Stops Sale of Glucose Meter Business

01/09/2013 | 06:07am US/Eastern

By Hendrik Varnholt

FRANKFURT--German pharmaceutical company Bayer AG (>> Bayer AG) will retain its blood glucose meter business, a spokeswoman said Wednesday, confirming a Bloomberg report.

Bayer had put up the unit for sale and had been in talks with French peer Sanofi SA (>> SANOFI) about a deal which could have been valued at around $1.5 billion, people familiar with the matter told Dow Jones Newswires in December.

"We have evaluated several options and decided to retain it," Bayer HealthCare chief Joerg Reinhardt said about the glucose meter business, according to Bloomberg.

Natali Schwab, Eyk Henning and Dana Cimilluca contributed to this story.

Write to Hendrik Varnholt at hendrik.varnholt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Bayer AG, SANOFI
Latest news on BAYER AG
1d ago BAYER : Successful partnership with Niederrhein University of Applied Sciences -..
1d ago BAYER : Not intended for U.S. and UK Media -- Bayer Forms Alliance with Kyoto Un..
2d ago BAYER : Special Notice - 65-- NOTICE OF INTENT TO SOLE SOURCE CATHETER, ANGIOJET..
3d agoDJGRAIN HIGHLIGHTS : Top Stories of the Day
3d ago PRIVATE EQUITY EYES 10 BILLION-EURO : sources
10/17 BAYER : $6,032 Federal Contract Awarded to Bayer Healthcare
10/16 BAYER : Donates $100,000 To Help New Jersey Students Pursue Science Careers
10/16 BAYER ONCE AGAIN INCLUDED IN CDP CLI : rated international climate protection le..
10/15 BAYER : $490,670 Federal Contract Awarded to Bayer Healthcare Pharmaceuticals
10/13 BAYER : MaterialScience - High thermal stability and resistance to weathering
Advertisement
Chart
Duration : Period :
Bayer AG Technical Analysis Chart | BAYN | DE000BAY0017 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF