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June 30, 1994 | From Times Staff and Wire Reports
Sanofi to Sell Winthrop for $450 Million: The drug, cosmetics and perfume unit of French oil group Elf Aquitaine said it will sell nearly all of Sterling Winthrop's diagnostic imaging business to Norway's Hafslund Nycomed for $450 million. The sale follows Sanofi's agreement last week to acquire Sterling Winthrop, the prescription pharmaceutical business of Rochester, N.Y.-based Eastman Kodak, for $1.675 billion.
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BUSINESS
June 30, 1994 | From Times Staff and Wire Reports
Sanofi to Sell Winthrop for $450 Million: The drug, cosmetics and perfume unit of French oil group Elf Aquitaine said it will sell nearly all of Sterling Winthrop's diagnostic imaging business to Norway's Hafslund Nycomed for $450 million. The sale follows Sanofi's agreement last week to acquire Sterling Winthrop, the prescription pharmaceutical business of Rochester, N.Y.-based Eastman Kodak, for $1.675 billion.
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