Bayer Diabetes Care Up For Sale!

I can confirm that the deal is completed. Matter of announcement only by April
Get set ready!

 

I wonder how the kkr benefits are compared to Bayer and if they are going to be relocating people....too many unknowns....

 

Deal is only for $850 million. KKR/Panasonic want name and will outsource most positions. Bayer is trying to avoid severance responsibility. Not sure what KKR has as severance package, but probably not good.

 

http://www.fiercepharmaasia.com/story/panasonic-healthcare-offer-bayer-diabetes-device-biz-drops-830m-23b/2015-03-29


http://evertiq.com/news/36476

 

Does anyone have any updates on what's going on? Is there a sale? When will it be announced?

 

I heard announcement in next weeks. Mishawaka closed. Whippany jobs moved to Tarrytown. Basel jobs outsourced to Tarrytown or Japan. not sure about severance. good luck

 

It has begun in TTN. The balance of my bonus was in my bank account this morning, and now I am sitting at a bar unemployed. It was good run...

 

You in conference room D?!?! There's a bunch of us here.

 

D yeah conf rm D. my bonus is spendededed. ugh

 

WTF yal talking about?

 

So glad I got my hefty severance and got out of there before they went to Whippany. Sucks for those idiots who made the move and some who relocated their families, etc. Too bad, but you all knew this division was tanking!

 

what a shame... from innovator company inventing entire market to last place and eventually sold to own supplier...

 

Germans rock when it comes to innovation. Gotta luv those German cars, too~!

 

Any news ???

 

Nothing other than the gorilla running wild at the ivory tower this past week but it's back in its cage.

 

The sale has closed?

 

Ant news?

 

http://www.reuters.com/article/2015/05/20/us-bayer-m-a-sinocare-idUSKBN0O50EN20150520

 

A traditional Japanese electronics company now owned by an American investment group is battling with a Chinese company to buy a division of a formerly Nazi-sympathetic German pharmaceutical company. Now that's diversity! Where's the popcorn?

 

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