login
login

Europe Daily Bulletin No. 7635

17 January 2000
Contents Publication in full By article 26 / 39
ECONOMIC INTERPENETRATION / (eu) pharmaceuticals

The British groups GLAXO WELLCOME and SMITHKLINE BEECHAM have officially announced that they are to merge to give rise to the number one in the world in the sector with a stock market value of 182 bn euro, a turnover of $24.9 bn and a global market share of 7.3%, exceeding the current number one in the world MERSCK AND CO. The actual merger, to be achieved through an exchange of shares, will occur in the summer. GLAXO shareholders will initially have a 58.75% take and those of SMITHKLINE...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT