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June 24, 1994 | From Times Wire Services
Eastman Kodak Co. said Thursday that France's Sanofi has agreed to pay more than $1.68 billion to acquire the prescription pharmaceutical business of Kodak's Sterling Winthrop subsidiary. Sanofi, Kodak's partner in the unit, was named as a potential buyer when the photographic giant said in May that it planned to sell the business. The unit includes Sterling Winthrop's stake in the Sanofi Winthrop global pharmaceutical alliance.
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BUSINESS
June 24, 1994 | From Times Wire Services
Eastman Kodak Co. said Thursday that France's Sanofi has agreed to pay more than $1.68 billion to acquire the prescription pharmaceutical business of Kodak's Sterling Winthrop subsidiary. Sanofi, Kodak's partner in the unit, was named as a potential buyer when the photographic giant said in May that it planned to sell the business. The unit includes Sterling Winthrop's stake in the Sanofi Winthrop global pharmaceutical alliance.
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