Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

BAYER AG (BAYN)

329
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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
React to this article
Latest news on BAYER AG
07/02 BAYER : Pearl introduces new polyurethane spray foam system in Middle East -- Ex..
07/01 REGENERON PHARMACEUTICALS : EYLEA® aflibercept Injection Receives Approval in Ja..
07/01 German industry starts to advocate Greek exit from euro zone
07/01 German industry starts to advocate Greek exit from euro zone
07/01 BAYER : Submits an Application for Market Authorization of Recombinant Factor VI..
07/01 BAYER : Dr. Jacqueline Applegate to head Environmental Science at Bayer CropScie..
06/30 BAYER : Not intended for U.S. and UK Media -- Bayer Submits an Application for M..
06/29 BAYER : Aktiengesellschaft: Release according to Article 26, Section 1 of the Wp..
06/29 BAYER CROPSCIENCE : AG - A flood of research data offers opportunities for new i..
06/29 BAYER CROPSCIENCE : Updates on Series of Investments in Research Triangle Park, ..
Advertisement
Chart
Duration : Period :
Bayer AG Technical Analysis Chart | BAYN | DE000BAY0017 | 4-Traders
Income Statement Evolution
More Financials