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SOLVAY SA A SHS SPON (SVYSY.PK)

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Market Currents

  • Sunday, September 27, 2009

  • 09:48 AM Abbott (ABT) is close to announcing a deal to buy Belgian conglomerate Solvay's (SVYSY.PK) drug unit for about $7.6B in cash. A deal could be announced as early as Monday. Abbott and Solvay already sell two drugs for cholesterol and triglycerides together; a deal would give Abbott access to Solvay's drugs for hypertension and Parkinson's disease. (WSJ) Comment!