Read
- Microsoft unveils Xbox One with Spielberg, Activision tie-up
- Whole neighborhoods razed by Oklahoma tornado that killed 24
|
- White House threatens veto of bill to bypass Obama on Keystone
- Russia moves closer to jail terms for offending religion
- UPDATE 1-Regeneron, Sanofi asthma drug seen as potential game changer
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Devastated by tornado
A huge tornado tears through the Oklahoma City suburb of Moore, killing dozens. Slideshow
Nuclear tsunami wall
Safety upgrades designed to prevent a repeat of the Fukushima disaster. Slideshow
Sponsored Links
Bayer cancels diabetes device unit sale: paper
The logo of Germany's largest drugmaker Bayer HealthCare Pharmaceuticals is pictured on the front of its building in Berlin April 28, 2011.
Credit: Reuters/Fabrizio Bensch
FRANKFURT |
FRANKFURT (Reuters) - Bayer AG has called off the sale of its blood glucose meters business for now, Financial Times Deutschland reported, citing industry and financial sources.
According to the paper, Germany's largest drugmaker could not find a buyer who was willing to pay the asking price.
The unit has annual sales of about 1 billion euros ($1.3 billion), which would value it at 1-2 billion euros, based on current multiples, the paper said.
Sources told Reuters in May Bayer was considering the sale of the unit, because it offers few synergies with its other healthcare activities.
($1 = 0.7716 euros)
(Reporting by Harro ten Wolde)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters