Bayer Plans to Acquire Schering AG - Conference Call - Research and Markets Offers a Brief of 'Bayer' Conference Call.DUBLIN, Ireland -- The Bayer (NYSE:BAY) Corporate Conference Call took place on 24-Mar-06 8:30am CET. Management reported that it is planning to make an all-cash offer Cash offer Often used in risk arbitrage. Proposal, either hostile or friendly, to acquire a target company through the payment of cash for the stock of the target. Compare to exchange offer. to acquire Schering for EUR86 per share, which values the co. at EUR16.3b equity value. As a result of step-ups, anticipated asset values and stocks, and one-off (1) One at a time. CD-ROM recorders (CD-R drives) are commonly called one-off machines because they write one CD-ROM at a time.(2) Only once. Software that is written to solve a specific problem only one time is sometimes called a one-off. costs associated with the integration, the transaction is expected to be dilutive on a reporting basis for the first two years. Together, BAY and Schering expect to have pharma sales approaching EUR10b. More information on this Conference Call can be obtained from Research and Markets at http://www.researchandmarkets.com/transcripts/83491 This document provides a non-biased summary of the conference call detailing the key points and the full Q&A session. |
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