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(Reuters) – Bristol-Myers Squibb Co (BMY.N) received an offer from Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd (4581.T) to buy the company’s French over-the-counter drugs business UPSA for $1.6 billion, the companies said on Wednesday antique cufflinks uk online. Bristol-Myers said it estimates the potential deal would be approximately $0.04 dilutive to 2019 earnings. The offer by Taisho, which has its presence in anti-inflammatory analgesic, cold and flu and hair growth segments in Japan and Southeast Asia, is structured in the form of a “put option” agreement, the companies said..
Upon exercise of the put option, Taisho would acquire UPSA as well as Bristol-Myers Squibb’s assets and liabilities relating to the UPSA product portfolio, the companies said. UPSA’s portfolio covers a wide range of therapeutic areas such as pain, cough and cold, vitamins and supplements, gastrointestinal and sleep. Deutsche Bank Securities Inc and Jefferies LLC acted as exclusive financial advisors to Bristol-Myers Squibb antique cufflinks uk online. Kirkland & Ellis LLP, Freshfields Bruckhaus Deringer LLP and Baker & McKenzie acted as its legal advisers..
NEW DELHI (Reuters) – Airfares in the fast-growing Indian market are 10 to 15 percent lower than breakeven levels for airlines, a Boeing Co (BA.N) executive said, as the planemaker raised its long-term jet order forecast for the nation to a record despite market challenges. Major Indian carriers Jet Airways (JET.NS), IndiGo (INGL.NS) and SpiceJet (SPJT.BO) were all in the red in the September quarter as high oil prices, a weak rupee and intense price competition eroded their margins antique cufflinks uk online. It is important for the sustainability of the sector that airlines show more discipline in pricing fares, Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes, said on Wednesday..
“Double-digit growth coupled with losses is what I am concerned about,” he said. “I will forego 2 to 3 percent growth for making money rather than filling up my airplane at rock-bottom prices and never making money.” antique cufflinks uk online. To date, however, the lack of profitability has not affected deliveries to Boeing clients, which include cash-strapped Jet Airways and budget carrier SpiceJet, Keskar said. India’s passenger traffic has risen at around 20 percent in recent years, making it one of the world’s fastest-growing aviation markets. Boeing expects the country to become the third-largest commercial aviation market by the early 2020s..
Boeing sees Indian carriers ordering a record of up to 2,300 new planes worth $320 billion from global planemakers over the next 20 years to 2037, about 9.5 percent more than its previous prediction of 2,100 jets until 2036 made last year antique cufflinks uk online. It said single-aisle planes, such as its 737 MAX, would account for 84 percent of global planemakers’ new jet deliveries to India over the period, higher than the world average. The forecast comes amid signs that pressure on the Indian airline sector, dominated by low-cost carriers, is starting to ease as oil prices fall and the rupee firms..