February 10, 2010 / 5:30 AM / 10 years ago

Boehringer to buy rest of Japan's SSP-Nikkei

TOKYO, Feb 10 (Reuters) - German drug company Boehringer Ingelheim is in talks to make Japanese subsidiary SSP Co Ltd 4537.T wholly-owned in a deal worth more than 30 billion yen ($335 million), the Nikkei newspaper reported.

Boehringer currently owns 60 percent of SSP, a maker of over-the-counter drugs.

Boehringer is expected to buy the remaining stake in a tender offer as early as the end of this month, the Nikkei said.

Tetsuya Owari, a spokesman for Boehringer in Japan, said nothing had been decided. He declined to elaborate.

nathan.layne@thomsonreuters.com; +813-6441-1801; Reuters Messaging: nathan.layne.reuters.com@reuters.net

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