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Sterling Winthrop Company

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August 30, 1994 | From Associated Press
Eastman Kodak Co. announced Monday that it has agreed to sell its remaining Sterling Winthrop business, including non-prescription remedies such as Bayer aspirin, to health care giant SmithKline Beecham for $2.925 billion in cash. The sale is among the latest in the consolidation of the health care industry, where companies are merging to gain products and cut costs as changes cut deeply into profits. In another deal announced Monday, Ivax Corp.
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BUSINESS
August 30, 1994 | From Associated Press
Eastman Kodak Co. announced Monday that it has agreed to sell its remaining Sterling Winthrop business, including non-prescription remedies such as Bayer aspirin, to health care giant SmithKline Beecham for $2.925 billion in cash. The sale is among the latest in the consolidation of the health care industry, where companies are merging to gain products and cut costs as changes cut deeply into profits. In another deal announced Monday, Ivax Corp.
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BUSINESS
August 11, 1994 | From Bloomberg Business News
Eastman Kodak Co. is reopening bidding for its L&F Products as it seeks separate buyers--and a higher price--for the unit's two businesses. The company said May 3 that it planned to sell L&F and two other units, Sterling Winthrop and Clinical Diagnostics, to reduce debt and concentrate on its core imaging business. L&F now plans to sell its household products business and do-it-yourself business separately, L&F President and Chief Executive Michael Gallagher told employees in a memo Wednesday.
BUSINESS
August 11, 1994 | From Bloomberg Business News
Eastman Kodak Co. is reopening bidding for its L&F Products as it seeks separate buyers--and a higher price--for the unit's two businesses. The company said May 3 that it planned to sell L&F and two other units, Sterling Winthrop and Clinical Diagnostics, to reduce debt and concentrate on its core imaging business. L&F now plans to sell its household products business and do-it-yourself business separately, L&F President and Chief Executive Michael Gallagher told employees in a memo Wednesday.
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