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Roche Vitamins

This article was originally published in The Tan Sheet

Executive Summary

"Adverse development of the world vitamin market" led to approximately $230 mil. reduction ($1=€.87) in sale price of Roche's vitamin unit to DSM, Swiss firm says during July 23 earnings call. Acquisition price previously had been set at $2.09 bil. (1"The Tan Sheet" Feb. 17, 2003, In Brief). Transaction closure, which was slated for this spring, has been pushed back to Q3 pending European Union and FTC approval...
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