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Provider: Reuters Investment Profile
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Bayer AG To Acquire Herbal Medicine Maker Steigerwald Arzneimittelwerk GmbH-Reuters

Thursday, 16 May 2013 07:41am EDT 

Reuters reported that Bayer AG said it agreed to buy privately held Steigerwald Arzneimittelwerk GmbH (Steigerwald), a maker of herbal treatments. The Company added that Steigerwald generated sales of EUR 61.3 million (USD 78.8 million) in 2012 with 180 staff. It did not disclose financial terms of the takeover. 

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0.55 +0.54%
6:30am EDT