Word: travenol
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Dates: during 2000-2009
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Corporate executives, however, have been anything but cautious. Beginning with a spate of billion-dollar oil-company buyouts in 1981, the merger wave has rolled over virtually every industry. This year alone, acquisitions have produced the largest U.S. gas distributor (Internorth-Houston Natural Gas), a medical giant (Baxter Travenol-American Hospital Supply), a vast food-processing concern (Nestlé-Carnation) and one of the mightiest high-technology combinations (Allied-Signal). Last week even brought a proposed sports marriage between the New Jersey Generals and the Houston Gamblers of the U.S. Football League. The number of megadeals this year could wind...
...health-care industry is bubbling with billion-dollar mergers. American Hospital Supply, the nation's largest distributor of hospital supplies, agreed last week to merge with Baxter Travenol Laboratories, the third-biggest hospital-supply company, in a deal valued at $3.8 billion. Monsanto has also agreed to acquire G.D. Searle for $2.7 billion, giving the chemical giant a long-desired place in the Pharmaceuticals market...
...Baxter merger put an end to American Hospital's four-month-old plan to combine with the Hospital Corp. of America, the nation's largest for-profit hospital chain. Baxter Travenol's $51-a-share offer, $15 more than HCA's previous bid, was grudgingly accepted by the American Hospital board only after irate stockholders, led by Financier Carl Icahn, threatened to throw out the board of directors...