Vladimir Putin “We discussed this important issue yesterday over a beer...”
Barack OBAMA “You know, my faith is one that admits some doubt...”
Abbott (NYSE: ABT) announced a definitive agreement with Piramal Healthcare Limited to acquire full ownership of Piramal’s Healthcare Solutions business (Domestic Formulations), a leader in the Indian branded generics market, for an up-front payment of $2.12 billion, plus $400 million annually for the next four years, giving Abbott the No. 1 position in the Indian pharmaceutical market.
Johnson Controls, Inc. (NYSE: JCI) announced that it sent a letter yesterday to Visteon Corporation expressing interest in acquiring Visteon’s interiors and electronics businesses. Johnson Controls is offering $1.25 billion in cash for the businesses, subject to due diligence, the execution of a definitive agreement and the approval of the Johnson Controls Board of Directors. [...]