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Europe Daily Bulletin No. 7880

13 January 2001
Contents Publication in full By article 18 / 47
GENERAL NEWS / (eu) eu/competition
Commission gives clearance for SmithKline Beecham acquisition of Block Drug

Brussels, 12/01/2001 (Agence Europe) - The European Commission has cleared the acquisition, for the sum of $1.24 billion, of the company Block Drug by the British company SmithKline Beecham. Block Drug operates under the name of Stafford-Miller in several countries outside the United States. SmithKline Beecham (turnover $12.55 billion in 1999) is a multinational operating in the research, development and marketing of pharmaceutical products, vaccines, over-the-counter medicines and oral care...

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