1. China approves Novartis-Alcon deal
- Author
-
Back, Aaron
- Subjects
Novartis AG -- Planning ,Novartis AG -- Mergers, acquisitions and divestments ,Nestle S.A. -- Mergers, acquisitions and divestments ,Alcon Inc. (Hunenberg, Switzerland) -- Mergers, acquisitions and divestments ,Pharmaceutical industry -- Mergers, acquisitions and divestments ,Company business planning ,Company acquisition/merger ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
China approved Novartis AG's proposed acquisition of Nestle S.A.'s 52% stake in Alcon Inc. for $28.1 billion, but China is barring Novartis from selling certain products in the Chinese market and entering a partnership with a Taiwanese contact-lens maker.
- Published
- 2010