SB WAS NEGOTIATING TWO MAJOR DEALS SIMULTANEOUSLY
This article was originally published in The Tan Sheet
SB WAS NEGOTIATING TWO MAJOR DEALS SIMULTANEOUSLY: the Sterling offer and an attempt to trade product categories in the drag area with American Cyanamid. The two negotiations were apparently not an either/or situation. SmithKline Beecham indicated that it would have been prepared to conclude both the Sterling acquisition and an asset swap with American Cyanamid. American Home Products' takeover bid for Cyanamid, however, prevented SmithKline from completing that deal.
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