Clorox Helps German Soap Maker Buy Dial
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Henkel, the German soaps and adhesives group, has shed its 29 percent stake in Clorox, raising $2.84 billion to pay for its purchase of US detergents and cosmetics maker Dial Corp.
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US unit of the German company also pleads guilty of participating in a price-fixing conspiracy. WASHINGTON, DC  - The Pittsburgh-based subsidiary of Germany&#39;s Bayer AG has agreed to plead guilty and
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The German chemicals group Beiersdorf, which makes Nivea beauty cream and Tesa glue, saw net profit plunge last year but met its sales target and increased its operating result, the group said Tuesday.
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LOS ANGELES (CBS.MW) -- Clorox Corp. said late Wednesday it will buy back Henkel KGaA&#39;s 29 percent stake in the company in exchange for several businesses and $2.
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Germany&#39;s Henkel and California&#39;s Clorox Co. Thursday agreed to a $2.8 billion stock swap and cash deal. Under the agreement, Henkel will sell back its 29 percent ownership stake in Clorox in return for $2.
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Henkel, the German soaps and adhesives group, has shed its 29 percent stake in Clorox, raising &#36;2.84 billion to pay for its purchase of U.S. detergents and cosmetics maker Dial Corp.
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DUSSELDORF - Struggling German retail concern KarstadtQuelle asked shareholders Monday for a EUR 500 million capitalisation increase, at the same time cautioning that it may only just barely turn a profit again in 2005.
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German chemicals and pharmaceuticals giant Bayer says it is still open to further acquisitions even though it was still in the process of integrating Berlin-based drug maker Schering which it recently acquired for close to 17 billion euros (22 billion dollars).
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Hoping to spice up their summer  business, German butchers have introduced a new line of  exotic-tasting sausages with flavors ranging from kiwi,  maraschino cherry, lemon and even aloe vera.
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Telekom Austria AG said Monday it has agreed to purchase call rights to acquire Mobiltel AD of Bulgaria for about 1.6 billion euros ($2.09 billion).
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Lanxess AG, the spun-off chemicals and polymers business of German drug maker Bayer AG, made its debut on the Frankfurt stock exchange today.
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German chemical maker BASF   is set to announce an agreed deal to buy U.S.  catalyst firm Engelhard  for around &#36;5.1 billion, sources  familiar with the situation said on Tuesday.
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German consumer products group Henkel said Thursday it is buying Sovereign Specialty Chemicals Inc., a Chicago-based adhesives company, in a deal valued at some $575 million.
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The company has earned its nosebleed valuation.
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The Clorox Co., the maker of Clorox bleach, Brita water filters and other consumer products, Tuesday posted a 5 percent drop in profit for its latest quarter as it restructured some operations.
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The deal, which must be approved by regulators, will make the German group the number one generics company in Scandinavia, a growing market worth about 600m last year, according to Merck.
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Executives from Dial, Dow Chemical, and Shell Chemical LP are the newest  members of The Soap and Detergent Association (SDA) Board of Directors.