News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Boehringer Ingelheim Corporation to Bid for Poultry Vaccine Maker Lohmann



11/8/2013 7:28:26 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Germany's Boehringer Ingelheim, the world's largest unlisted drugmaker, is looking to expand its animal health business and is set to make an offer for poultry vaccine and feed additives maker Lohmann, two people familiar with the matter said. Boehringer Ingelheim, which is among the world's top 10 suppliers of animal health products, is expected to submit a bid for privately-held Lohmann Animal Health by a Monday deadline, they added. The bid will value the company, which is owned by PHW Group, Germany's biggest poultry farmer and owner of the Wiesenhof food brand, at about 400 million euros ($535 million), or 16 times its expected operating earnings, the sources said.

Help employers find you! Check out all the jobs and post your resume.

Read at Reuters


comments powered by Disqus
Reuters
   
Vaccine

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES